The plan will be responsible for a portfolio valued at more than $54 billion.
The selected manager will handle up to $15 million.
The search is to replace an underperforming incumbent manager.
The agency will first hold a virtual conference for interested managers next month.
The plan is searching for a firm that specializes in insurance-linked securities strategies.
The deputy cio will leave in early December.
The plan will also interview three diverse-focused private equity managers next month.
The plan is searching potential replacement for its current domestic large-cap growth equity manager.
The search follows a recent portfolio manager departure from its incumbent manager.
The plan will first issue the fixed-income and private equity RFPs in the next two months.