The plan’s consultant will also kick off an asset/liability modeling study this month.
The plan’s current provider handles $174.5 million of its assets.
The plan is looking to invest up to $450 million with qualified managers.
The plan also made several private markets commitments totaling more than $500 million.
The plan also made a hire to replace its mandate with Western Asset Management.
The plans have a total of $8 million in assets.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The current president and ceo is retiring after more than 26 years with the plan.
The plan will commit a total of $1.2 billion to the asset classes next year.
The search is due to state regulatory requirements.