Massachusetts Water pension plan sticks with NEPC as consultant

Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, rehired NEPC as investment consultant of the $460 million defined benefit fund.

The search was conducted because the pension fund’s contract with NEPC was set to expire, said Carolyn Russo, executive director of the retirement system.

The RFP was originally issued in November.

In addition to NEPC, Meketa Investment Group and Dahab Associates were the other finalists, said Ms. Russo.