The retirement board was also expected to hire a new manager in its domestic small- to mid-cap growth equity manager search.
The plan is seeking a firm to provide administration, marketing and record keeping services.
The retirement plan is also expected to conduct a real estate manager search soon.
The retirement system has issued its RFP after initially approving the search in May.
The real estate commitment represents a new relationship for the plan.
The retirement system’s current manager was first hired in 2022 following a similar RFP process.
The plan also made a private credit commitment at today’s board meeting.
The agency will be responsible for managing portfolios totaling more than $2.7 billion.
The advisor will assist with reviewing, developing and monitoring investment options.
The plan also terminated two underperforming domestic equity managers.