Merced County (Calif.) Employees' Retirement Association rehired Bank of New York Mellon as custodian, said Kristen Santos, plan administrator, in an e-mail.
The $680 million pension fund issued an RFP in July because BNY Mellon's contract was set to expire Dec. 31.
At the pension fund's board meeting Nov. 17, the board approved extending the contract for another six months to June 30, 2017, to allow for time for legal review and negotiations for the new contract.
Ms. Santos could not immediately provide finalist information.
