The plan concludes a consultant search that began in August.
The board of trustees will consider the placing plans at its Dec. 20 meeting.
The elimination will affect three managers that handle a total of more than $1.7 billion.
The commitments were made with two existing managers.
The plan retained two managers based on the recommendation of its general investment consultant.
The firm was placed on watch for underperformance.
The contract of the plan’s current consultant expires on March 31.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan hopes to receive additional response to a new RFP.
The plan is conducting the search due to the April 2023 contract expiration of its incumbent, which was rehired in 2018, 2013 and 2008 following similar searches.