Texas Employees Retirement System, Austin, in January will issue an RFP for a real asset fund and a short-term government bond fund to add as investment options for its combined $1.7 billion Texa$aver 457 and 401(k) plans, spokeswoman Mary Jane Wardlow confirmed in an e-mail.
Recommendations from the Texa$aver Product Review Committee to the board are expected in May and upon approval, the funds would be added in July, according to Ms. Wardlow.
The program currently offers 10 core funds and 11 target-date funds.
Great-West Retirement Services is third-party administrator for the plans.
