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The 401(a) plan was created in 2021 after breaking away from the state pension plan.
The pension plan disclosed two buyout commitments at yesterday’s board meeting.
The plan agreed to split an intermediate bond allocation between two firms that presented at its January board meeting.
The plan will issue its general investment consultant RFP in the coming weeks.
The village is seeking investment management services for roughly $90.7 million in assets.
The plan approved a $50 million commitment at its board meeting today.
The plan welcomed a pair of senior portfolio managers to its fixed-income team last month.
The search is due to the upcoming contract expiration of its incumbent.
The new executive director has been with the retirement system for roughly 30 years.