Allegheny County Port Authority, Pittsburgh, is searching for outsourced chief investment officer services for two of its defined benefit pension plans, and its 457 and 401(a) plans, according to an RFP posted on the authority's website.
The RFP for “chief investment officer services” is for the $64 million Plan for Employees who are Not Represented by a Union and the $19 million plan for Employees Represented by the International Brotherhood of Electrical Workers Local 29, as well as the $8 million 457 plan and a 401(a) plan. The assets of the 401(a) plan could not be learned by press time.
RFP materials are available on the port authority's website. Proposals are due at 2 p.m. EDT on Aug. 16. A timetable for a decision could not be learned by press time.
Jeffrey Letwin, chairman of the port authority board of directors, did not respond to phone calls by press time. Jerimaine Ward, director of purchasing and materials management, referred questions to communications director Jim Ritchie, who did not provide further information by press time.