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He announced his departure at the plan’s board meeting today.
The retirement programs manager will manage and administer the system’s 457(b) Deferred Compensation Companion Plan as well as a new tiered 401(a) Defined Contribution Retirement Plan.
The railway’s board is searching for an investment advisor to help implement a trust fund, which will have an initial $1.6 billion allocation.
The retirement plan has narrowed its core fixed-income search to two finalists.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.
The plan intends to issue RFPs for active core fixed-income and domestic small-cap value equity managers next month.
The plan made hires following finalist interviews last week, concluding two RFP searches.
The plan has not made a new commitment to private equity since 2014.