New Mexico Educational Retirement Board, Santa Fe, issued an RFP for an investment consultant, said Frank C. Foy, CIO of the $7.2 billion fund. Incumbent Wilshire Associates' contract expires Sept. 30; Wilshire is invited to rebid. The RFP is available at www.era.state.nm.us. Written questions are due May 6, and proposals are due May 20. The board is expected to make a selection at its June 10 meeting.
Separately, fund officials expect to issue an RFP for a provider to study whether the fund should move new employees to a defined contribution plan; the study is required by state law. No timetable has yet been set for that search.