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The firm has established two new executive roles in the investments and retirement business.
The plan launched a search for investment consulting services late last year.
The plan committed $130 million total to four existing managers and one new manager in June.
Firm will oversee $566 million in cash and investments.
Developing world specialist Daniel Wood says asset managers are selling Kremlin-linked debt at close to 80% discount, with international hedge funds being the biggest buyers.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.
Plan reached an impasse in contract negotiations with a firm originally selected in February.
The consultant will be responsible for the plan’s stable value fund.
The current consultant was first hired in 2016.
The private equity director retires next month after serving in the position since 2017 and at the plan since 1998.