The deferred compensation plans are looking to potentially consolidate record keeping services with one provider.
The city is seeking a non-discretionary investment manager for its $100 million investment portfolio.
The RFP was slated to be issued to comply with standard state procurement laws.
The RFPs are a result of a new asset allocation approved in May.
The search is part of standard state procurement laws.
The city will consider discretionary investment advisors.
The retirement fund adopted the new targets after receiving an asset allocation study at a meeting this week.
The plan committed to two firms after interviews held in closed session.
The investment officer previously worked at the plan’s general investment consultant.
The contract of the current investment consultant is set to expire next year.