City of Murfreesboro Pension Committee Agenda 2026-05-20
Evolution contract amended to reduce pension fees
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Description
Evolution agreed to a 20% fee reduction on its services to the City’s pension plan, and the City Council approved the revised contract. The change lowers total portfolio expenses while maintaining investment services.
Contract Details
Vendor
EVOLUTION
Agency
City of Murfreesboro, TN
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Renewal Info
Existing contract with Evolution was amended earlier in 2025 to implement a 20% fee reduction; duration of the underlying agreement and any renewal options are not specified in the minutes.
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