Sacramento (Calif.) Regional Transit District rehired State Street Bank as custodian of its two defined benefit pension funds, said Colleen Trant, procurement analyst, in an e-mail.
The district issued an RFP in March because of its policy to put the services up for bid every five years.
The two pension funds are the Amalgamated Transit Union Local 256 and International Brotherhood of Electrical Workers Local 1245 Member Retirement Plan Fund, and the Salaried Employees Retirement Plan Fund, which had combined assets of $82 million as of June 30, 2013, according to the district’s most recent comprehensive annual financial report.
