The plan expects to conduct the search as it looks to reduce its exposure to core real estate.

Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.

The plan increased its private equity and fixed-income allocations at today’s board meeting.

The plan approved up to $650 million in new private commitments at its board meeting yesterday.

New Jersey Governor Phil Murphy signed legislation yesterday that prohibits government dealings with businesses associated with Russia or Belarus, as pension funds across the country continue to address their exposure to the country two weeks after its invasion of Ukraine.

The plan has set a date for when it will launch its investment consulting services search.