The city is seeking investment advisory services on behalf of its 457, 401, Roth IRA and Retirement Health Savings Funds.
Plan will review a proposed commitment next month after its latest board meeting did not have a quorum for a vote.
The plan awarded a contract to a brand new third-party administrative services provider.
Program closes with roughly $1.1 billion committed capital, 20% higher than initial internal targets.
The plan added a $10 million real estate credit commitment at an October board meeting.
Incumbent consultant has been handling the plan’s services on a month-to-month basis since its three-year contract expired during the COVID-19 pandemic.
The plan approved a consultant recommendation to replace its existing U.S. small-cap equity option.
A Florida school district has issued an intent to award notice in its investment advisor search.
Plan will review additional opportunities in January after rescinding a private equity fund-of-funds commitment approved in July.
Kweku Obed was appointed to PBGC’s seven-member Advisory Committee by President Biden.