Marin County Employees' Retirement Association, San Rafael, Calif., has rehired Callan as its investment consultant.
According to the agenda of the July 10 board meeting, Callan was selected at the June 12 meeting as the successful respondent to its investment consultant RFP.
The contract with Callan will run for five years and commenced on Oct. 1, upon the expiration of the prior contract.
The first-year annual fee will be $337,000 and increase by 2% each subsequent year.
Jeff Wickman, retirement administrator, previously noted that MCERA originally hired Callan as an investment consultant in 2000.
MCERA has about $3.3 billion in assets.
