The $3.2 billion Baltimore (Md.) City Employees’ Retirement Systems (BCERS) has launched an RFP seeking proposals for general investment consultant services.
BCERS encompasses the Employees’ Retirement System, the Elected Officials Retirement Systmen, the Retirement Savings Plan and the Deferred Compensation Plan for regular and permanent employees in the general administrative service of the city and certain non-teacher employees of the the Baltimore City Public School System.
The board will be contracting with only one investment firm to assist with the management of the BCERS.
As of March 31, the real estate asset class had a 13 percent target allocation through the Employees' Retirement System, a 10 percent target through the Elected Officials' Retirement System and a 13 percent target through the OPEB Trust.
The deadline to submit proposals is June 27. For more information about the RFP, click
