New York State Deferred Compensation Plan, Albany, rehired Callan Associates as its investment consultant.
The three-member governing board of the $17.8 billion plan voted unanimously Friday at its quarterly meeting in New York to rehire Callan. The contract, which will take effect April 1, is for five years. The board can extend the contract with a pair of one-year renewals.
The deferred compensation plan issued an RFP in May because Callan’s current contract will expire next spring. Representatives of the board’s staff and the board members interviewed four candidates, according to a memo provided at the board meeting by David Fischer, the plan’s executive director. Mr. Fischer declined to identify the other candidates.
