Searches and Hires

PennPSERS seeks investment consultant for new hybrid, DC plans

Pennsylvania Public School Employees' Retirement System, Harrisburg, is searching for an investment consultant, confirmed Evelyn Williams, spokeswoman for the $53.5 billion retirement system.

The consultant is to help PennPSERS with the implementation of two newly created plans: a hybrid defined benefit/defined contribution plan and a stand-alone DC plan.

The RFP is available on the state's procurement website.

Proposals are due by 1 p.m. EDT on Nov. 3. Ms. Williams said the board hopes to have the consultant in place by end of the year.