Moline (Ill.) Police Pension Fund and Moline Firefighters' Pension Fund are searching for an investment consultant, confirmed Kathleen Carr, city finance director.
Incumbent Investment Consulting Group is invited to rebid. Ms. Carr said the pension funds are required to issue an RFP every five years for a consultant.
The intention is to hire one consultant for both pension funds, which have a combined $59 million in assets, but each plan's board will make its own decision, Ms. Carr said.
The RFP is available on the city's website. Proposals are due at 4 p.m. CST Feb. 21. A hiring decision will be made by April 1.