DEFINED BENEFIT

Oklahoma Public Employees sticks with Verus as consultant

Oklahoma Public Employees Retirement System, Oklahoma City, rehired Verus Advisory as investment consultant, said Joseph A. Fox, executive director, in an email.

An RFP was issued in November because of Verus’ looming contract expiration.

Oklahoma PERS administers roughly $9 billion in defined benefit assets and roughly $1 billion in defined contribution assets.

As of Sept. 30, the pension fund had a target asset allocation of 44% U.S. equity, 32% fixed income and 24% non-U.S. equity.