Montgomery County Public Schools, Rockville, Md., is looking for an investment consultant for its $1.4 billion defined benefit plan.
The contract will start on Jan. 1 and run for three years, with the possibility of a one-year renewal.
The plan's target asset allocation is 50% global equity, 25% investment-grade fixed income and 25% alternative investments, according to the RFP.
The current consultant, Aon Hewitt Investment Consulting, is eligible to rebid, said Marisa Grant, chief investment officer.
Proposals are due by 2 p.m. EDT July 14. A selection is scheduled for Dec. 13, subject to board approval.
The RFP is available on a state procurement website.