Baltimore, MD (July 26, 2019) —The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today voted to reduce the System’s actuarial assumed rate of return on its investments from 7.45% to 7.40%. The System’s lower rate will be effective beginning in fiscal year 2021.
A Southeastern city has issued an RFP to implement and administer its 457 deferred compensation plan.
A non-governmental organization has begun a search for asset managers to handle a total of $1.55 billion in assets.
An airport authority in New England has issued an RFP seeking investment consulting services.
A pension plan in the Southeast committed to two private investment vehicles this month.
Kentucky Gov. Matt Bevin’s pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.
A Northeastern city has issued an RFP seeking an investment advisor for its reserve funds.
A mid-Atlantic police and fire pension fund made several manager hires and terminations and adopted a new strategic asset allocation this year.
A large city pension fund in Florida will issue an investment consultant RFP at the end of the month.
A West Coast County has rehired NFP to provide investment consulting services for its four retirement plans.