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Supervisors question police pension performance and consider issuing RFP for investment managers
Summary
A supervisor flagged sustained underperformance in the police pension fund compared with benchmarks and the fire fund; the board directed staff to research past RFP materials and consider sending a request for proposals to investment managers for alternatives.
Supervisor George (speaker 15) told the board the police pension fund has 'significant underperformance' across multiple measurement periods and underperformed relative to the fire pension fund. He urged a deeper review of whether the township’s investment policy or fund manager is responsible and suggested issuing a request for proposals (RFP) to invite other firms to…
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