North Fayette Township seeks bundled provider for 2 pension plans

North Fayette Township, Oakdale, Pa., is searching for a bundled provider for its $5.7 million Police Pension Plan, a defined benefit plan, and $2.5 million Non-Uniform Pension Plan, a defined contribution plan, confirmed township manager Robert Grimm.

The township is searching for a firm to provide investment management, administrative and actuarial services. Incumbent provider Merrill Lynch informed the township it will no longer be providing those services, Mr. Grimm said.

Proposals are due Sept. 14. Finalist interviews are tentatively scheduled for Oct. 15 to Oct. 18 with a decision expected by Oct. 23.

The RFP is available on the township website.