St. Joseph, Mo., rehired U.S. Bank as investment manager and custodian of its two transit employee pension funds, said Mary Gaston, general manager, transit administration office.
The city issued an RFP in April because of the pending expiration of U.S. Bank’s contract.
The two pension funds, which have a combined $2 million in assets, are the Transit Management of St. Joseph Bargaining Employees Pension Plan and the Transit Management of St. Joseph Non-Bargaining Employees Pension Plan.
