The three Vermont state pension funds hired New England Pension Consultants as investment consultant, said James H. Douglas, treasurer. The $950 million Vermont State Employees Retirement System and the $175 million Vermont Municipal Employees Retirement System had used Wilshire Associates. The $1.05 billion Vermont Teachers Retirement System had used Callan. Their contracts expired June 30.
New England Pension Consultants also will help with a search for a new custodian for the three Montpelier-based systems. Current custodian State Street Banks contract expires Dec. 31, Mr. Douglas said.