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The commitment marks the retirement system’s third to the space in recent months.
The search is being conducted for best practices.
The trust concluded its investment advisor search with an intent to award issued this month.
The plan is seeking value-add/opportunistic real estate and global multi-asset allocation managers.
The plan’s current executive director will retire this summer.
The manager has welcomed two new sales professionals in the Midwest and Southwest.
The pension fund will see its incumbent executive director and cio retire after more than 20 years in the position.
The contract of the plan’s incumbent investment consultant is expiring.
Empower Retirement currently provides the services for the city’s deferred compensation and defined contribution plans.