Pension board to seek consultant presentations
The proposals were reviewed Friday at a special meeting of the board.
Proposals for the service were submitted by the board's current consultant,
A third firm, CB12 Retirement Plan Services of
The offers were sought by the pension board because the current five-year contract with
After looking at the bids, board member
Members discussed differences in the proposals on the types of fees charged on mutual funds and the number of visits representatives of the firms would make to
Board member
She suggested that one way board members might want to evaluate the different companies is by how they select their fund managers and how they benchmark their investments performance.
Board member
Board members agreed to ask the bidding firms to make presentations at a board meeting
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