Concord Contributory issues call for custodian

Concord (Mass.) Contributory Retirement System is searching for a custodian, said Linda Boucher, retirement administrator.

The $128 million pension fund is conducting the search because it was informed that current custodian Bank of America Merrill Lynch is no longer providing custodial services for municipalities, Ms. Boucher said.

Proposals are due at 2 p.m. EDT on Sept. 10. Ms. Boucher said the board hopes to make a decision by the end of October and the goal is for a contract to begin on or around Jan. 1.

The RFP can be obtained by e-mailing Ms. Boucher at lboucher@concordma.gov or calling 978-318-3068.