Longmont, Colo., sticks with Innovest for 3 pension plans

Longmont, Colo., rehired Innovest Portfolio Solutions as investment consultant for its three defined benefit plans, said Valerie Scott, procurement specialist, in an e-mail.

An RFP was issued in September because of Innovest’s Dec. 31 contract expiration.

The three plans — the General Employees’ Retirement Plan, the Old Hire Police Pension Plan and Old Hire Fire Pension Plan have $131.7 million, $1.8 million and $3.4 million in assets, respectively, for a total of about $136.9 million. The police and fire funds are closed.