Sioux Falls pension plans stick with Becker Burke as consultant

Sioux Falls (S.D.) Retirement Systems rehired Becker Burke Associates as investment consultant for the city's $294 million Employee's Retirement System and $107 million Firefighters' Pension Fund, confirmed Kara Scherbring, the city's purchasing specialist.

An RFP was issued in June. Other finalists were Callan Associates, Marquette Associates and Watershed Investment Consultants.

A new five-year contract, renewable annually, is expected to begin Oct. 1, Ms. Scherbring said.