Extensive and timely coverage of the institutional industry.
The city is seeking plan administrators for its $11.1 million 457 and $2.7 million 401(a) plans.
The pension plan was notified of two commitments totaling $975 million last week.
The plan’s current advisor will see its contract expire on Sept. 30.
The current TPA contract is set to expire on June 30.
The firm will assist the plan with its upcoming executive director recruitment process.
The retirement system selected the firm following finalist presentations held at a board meeting last week.
The plan has rehired its incumbent after issuing an RFP in January.
The fund has received more than €12 ($13) billion in total commitments.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement system also kicked off its asset/liability study this week.