The plan also slated domestic small-cap growth equity manager finalist interviews for its September meeting.
The plan is considering a change in managers after previous manager Allianz Global Investors sold its U.S. business to Voya Investment Management.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.
The plan terminated its international small-cap equity manager after closed session discussions.
The plan will interview two finalists in July.
Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
His Co-CIO will become sole CIO following his departure.
Search is for two managers to handle nearly $500 million in total.
The restructuring will next eliminate three more managers next month.