Natick (Mass.) Contributory Retirement System is searching for a custodian.
The $222 million pension fund issued an RFP due to the requirement by the Massachusetts Public Employee Retirement Administration Commission that the services must be put up for bid every seven years, said Beth Matson, director.
Current custodian M&T Bank is eligible to rebid, she said.
The RFP is available on the website of investment consultant Fiducient Advisors, which is assisting with the search. Proposals are due at 4 p.m. EST on Feb. 29. A timeline for a selection was not provided.