Oklahoma Public Employees Retirement System, Oklahoma City, rehired Cavanaugh Macdonald Consulting and Finley & Cook as its actuarial consultant and internal auditor, respectively, pending successful contract negotiations, said Joseph A. Fox, executive director, in an e-mail.
RFPs were issued in November because of a requirement that services go out to bid every five years.
Separately, the retirement system board selected a balanced index fund as the default investment option for the new 401(a) and 457(b) plans for employees hired on or after Nov. 1, 2015.
No manager has been selected and no decision has been made on a potential search, Mr. Fox wrote.
The board of the Oklahoma PERS oversees an $8.6 billion defined benefit plan for public employees, a $301 million defined benefit plan for justices and judges, existing 401(a) and 457(b) plans with $894.3 million in combined assets, and the two new DC plans.