Illinois State Board of Investment, Chicago, plans to issue an RFP on Dec. 24 for an investment consultant for the $4.6 billion State of Illinois Employees' Deferred Compensation Plan, said Johara Farhadieh, the board's executive director and chief investment officer.
Meketa Investment Group, the plan's current consultant, can rebid, she said.
The RFP was approved by the board at its Tuesday meeting, Ms. Farhadieh said. It will be posted on the board's website. The deadline for proposals is tentatively set for Jan. 25. A selection by the board is expected sometime in the first half of 2019.
Along with the deferred compensation plan, the board manages a total of $18.3 billion in assets for three statewide defined benefit plans — the Illinois State Employees' Retirement System, Illinois General Assembly Retirement System and Illinois Judges' Retirement System.