The $9 billion
In addition to Dallas-based Aldus, the pension fund’s board interviewed
The decision was a long time in coming, with the plan sponsor having issued its RFP for the mandate in the fall of 2006 but not making a decision until May 2008.
The pension plan is the most seriously underfunded in the state, with an unfunded liability of $7.1 billion, according to a 2006 report by the Oklahoma Pension Oversight Committee. The limited partner has “the third-worst funded ratio of any public pension system in the nation,” according to a separate January 2007 report by the Community Action Project of Tulsa.
In other news, Tommy Beavers, executive secretary of the OK Teachers’, will retire at the end of the year. The search committee of the board of trustees has received resumes and is reviewing them, said Kim Bold, director of human resources.—N.G.