Springfield (Pa.) Township hired InR Advisory Services as investment consultant for its three pension funds with a combined $21 million in assets, said Donald E. Berger Jr., township manager.
InR will supervise, monitor and evaluate the pension funds’ investment managers.
An RFP was issued in March. Mr. Berger did not disclose who the other finalists were.
The three plans are the Police Pension Plan and two Non-Uniformed Employees Defined Benefit Pension Plans, one for salaried employees and one for hourly employees.