Ohio Public Employees Retirement System, Columbus, plans to search for a general investment consultant and an alternatives investment consultant in the fall of 2015, spokesman Michael Pramik said in an e-mail.
The board of the $90 billion retirement system, which includes $77.2 billion in defined benefit plan assets, approved contract extensions to current general consultant NEPC and alternatives consultant Aon Hewitt Investment Consulting at its meeting Feb. 18.
The extensions are the fifth and final ones allowed before services must be put up for bid. Those extensions begin May 1 and end April 30, 2016. The firms will be invited to rebid.
Mr. Pramik had no further details on the searches by press time.