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The plan is searching for an investment consultant.

A Southwestern county is searching for a firm to provide record keeping and other services for its 457(b) and 401(a) plans.

The plan approved a new long-term asset allocation at its investment committee meeting last week.

He will lead a team responsible for over $46 billion in assets under management.

U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.

PSERS says eight staffers have hired fund-paid lawyers to represent them as the FBI investigates the plan. PSERS will pay up to $40 million in legal bills in any one year for staffers.