Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is seeking custodial banking services for the pension fund’s investments, said a notice on the Massachusetts Public Employee Retirement Administration Commission’s website.
NEPC, investment consultant for the $439 million defined benefit fund, is assisting with the search.
The notice about the RFP is available on Massachusetts PERAC’s website, and the RFP will be available on NEPC’s website. Proposals are due by 4 p.m. EDT on July 10. A selection date was not disclosed.
Further information could not be learned by press time. Carolyn Russo, retirement system executive director, and NEPC analyst Stephanie McMurray could not be reached.