Ohio Public Employees Retirement System, Columbus, is searching for one or two consultants to assist in creating a defined contribution plan, which the Ohio state Legislature last year ordered the $55 billion system to set up. The new plan is scheduled to begin in the second half of 2002.
The consultant or consultants will help find a third-party administrator and help determine the new plans investment options, said Neil Toth, director of investments. Proposals are due May 18.
Also, the system is searching for an additional consultant to help establish a new incentive plan for investment staff. A study conducted last year did not lead to creation of a new incentive package, said Mr. Toth. Proposals in that search are due May 11.