Flint (Mich.) Employees Retirement System is searching for a bundled provider for its new, as yet unfunded defined contribution plan. The systems $800 million defined benefit plan will remain intact, with no changes to asset allocations or managers, said Robert Erlenbeck, the systems risk and benefits manager. A final decision is possible by June, he said.
Middlesex County Retirement System, Cambridge, Mass., is searching for a manager to run $20 million in active international equities for the $576 million plan. The portfolios previous manager, Irish Life, ceased operations in the United States, said Jon Fabrizio at consultant Wainwright Investment Counsel.