Warminster Township, Pa., is searching for an investment consultant for its $34 million Police Pension Plan and $15 million Non-Uniformed Pension Plan.
The township is seeking proposals from consultants because it is "looking for improved investment performance and a competitive consulting/investment cost structure," according to an RFP on its website.
The current consultant is PFM Asset Management, which is under contract as an outsourced CIO, according to the RFP. The RFP does not disclose whether it is specifically seeking an OCIO firm or a non-discretionary firm, and does not disclose whether PFM is eligible to rebid.
The RFP is available on the township's website. Proposals are due at 3 p.m. EDT on Oct. 6. A timeline for a selection was not provided.
Thomas Scott, township manager, could not be immediately reached for further information.