Ohio Public Employees Retirement System, Columbus, issued an RFP for a new investment consultant, confirmed spokeswoman Julie Graham-Price.
The investment consultant will replace Mercer, which recently announced it would stop advising U.S. public defined benefit plans. Mercer will discontinue its association with the $71.6 billion system no later than March 30, according to Ms. Graham-Price’s e-mail.
Proposals are due to OPERS by 4p.m. EST Dec. 30. The system plans to pick finalists by Feb. 15 and make a decision by mid-March.
The RFP can be found at https://www.opers.org/about/vendor/index.shtml.