The PBGC will issue an RFP on or around Feb. 21 for a custodian.
The RFP will seek a custodian for its $60 billion in trust fund investment assets, as well as any additional assets acquired from terminated defined benefit pension funds for which the Pension Benefit Guaranty Corp., Washington, is trustee, spokesman Marc Hopkins said.
“These assets will be transferred into separate commingled accounts or non-commingled holding accounts for accounting and management purposes,” according to a posting on the Federal Business Opportunities website.
The RFP will be posted on the FBO’s website. A tentative date for custodian selection is Aug. 1.
Current custodian State Street Corp. may rebid, Mr. Hopkins said.
The PBGC had $83 billion in assets as of Sept. 30, according to its fiscal 2013 annual report.
