Stamford, Conn., is searching for an investment consultant for two of its defined benefit pension plans, said Karen Vitale, the city's assistant controller.
The city is conducting the search for its $200 million Classified Employees Retirement Fund and the $53 million Custodians' and Mechanics' Retirement Fund, as well as two OPEB plans, because it has been some time since the city last put these services up for bid, Ms. Vitale said.
The current consultant for the two plans, Fiduciary Investment Advisors, is invited to rebid.
Ms. Vitale also said responses to the RFP might also be reviewed by the Police Pension Trust Fund and Firefighters' Pension Trust Fund. She had no further information on those pension funds because the controller's office does not have a person on those two pension funds' boards.
The Police Pension Trust Fund had $120 million in assets and the Firefighters' Pension Trust Fund had $170 million in assets, both as of June 30, according to the most recent available city annual report.
The RFP is available on a procurement website for the city. Registration is required. Proposals are due at 4 p.m. EDT on June 5. A timetable for a decision was not made available.
