West Springfield (Mass.) Retirement System is searching for a custodian.
The $134 million pension fund has issued an RFP because the Massachusetts Public Employee Retirement Administration Commission mandates that public pension funds put services up for bid every seven years, said Jillian Scavotto, town finance manager, in an email. Current custodian Comerica Bank is eligible to rebid.
The RFP is available by emailing Ms. Scavotto. Proposals are due at 3 p.m. EST on Jan. 18. A selection should be made by the end of April.