Limerick Township, Limerick, Pa., is searching for an investment consultant for its two defined benefit pension funds, confirmed Beth F. DiPrete, the township's assistant manager and treasurer.
The two plans, the Police Pension Plan and Non-Uniformed Pension Plan, have combined assets of $7 million, according to an RFP posted on the township's website.
The search is being conducted due to personnel changes at current consultant Morgan Stanley, which is invited to rebid.
The RFP is available on the township's website. Proposals are due at 4 p.m. EDT on March 20. The township hopes to make a decision before the end of April.