Borough of Wilkinsburg, Pa., is searching for an investment manager to run the assets of its three pension plans, confirmed Larry Focareta, administrative assistant.
The manager will be the sole manager of the general employees, police and firefighters' pension plans, with total assets of $13 million. The current manager, PNC Financial Services Group, can rebid.
Proposals are due Aug. 5. A selection is expected later in August.
The RFP is posted at www.wilkinsburgpa.gov.