Sioux Falls (S.D) Retirement Systems will search for an investment consultant, confirmed Tom Huber, assistant director of finance.
The retirement systems will conduct the search due to the pending contract expiration of incumbent consultant Becker, Burke Associates, which is invited to rebid. Mr. Huber could not provide the contract's expiration date.
The board approved an RFP in February, and it should be issued within the next two or three months, Mr. Huber said. A precise time is not known because the RFP is still being drafted.
The retirement systems are composed of the Employees' Retirement System and the Firefighters' Pension Fund, which have a combined $400 million in assets.