DFX Intelligence

Allocator Intelligence

North Dakota Public Employees Retirement System (PERS)

State retirement systemstate general· North Dakota

State retirement system, based in North Dakota, reporting $4.2B in assets, for 60,098 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$4.2B
Contact decision makersView relationships
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Ask DFX about this allocatorInvestment staff
Open searchesConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What matters now

  1. 1 manager
    terminated or on watch

    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) terminates Cerity Partners (Benchmark consulting services).

    29 Jul 2026 · A termination frees an allocation; a watch listing often comes before one.

    Factboard minutesFor competing managers in the same strategyTerminations and watch lists →
  2. Consultant
    changed

    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) selects Callan as general consultant

    29 Jul 2026 · A new consultant reviews the manager line-up and brings its own shortlist.

    Factboard minutes or Form 5500 Schedule CConsultants →

2 more people and 2 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • Eric Chin
    Deputy CIO
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Scott Anderson
    CIO
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Jodi Smith
    Executive Director
    Why: Executive director: runs the plan or the office
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 5
North Dakota Public Employees Retirement System (PERS)

Relationship network

7 connected entities

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

Reading the network
  • Service provider
  • Person
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$4.2B
Total assets, Jun 30, 2024 reported
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
0
none on the tape

Consultants and advisers

2 firms
  • Callan LLC General consultantthrough Jul 29, 2026 Board minutes
  • Weaver General consultantthrough Sep 25, 2025 Board minutes

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Eric Chin · Deputy CIO
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Scott Anderson · CIO
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Jodi Smith · Executive Director
    Why this person: Executive director: runs the plan or the office

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People

5 roles
Chief investment officer
Scott Anderson
CIO (Apr 23, 2026) rio.nd.gov
p.1: Dr. Rob Lech, President Scott Anderson, CIO / CIO

+2 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster

No manager relationship is on the tape for this allocator.

What changed

7 events
  • Jul 29, 2026Consultant changed
    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) selects Callan as general consultant
    with Callan LLCrio.nd.gov
  • Jul 29, 2026Manager terminated
    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) terminates Cerity Partners (Benchmark consulting services)
    rio.nd.gov
  • Jan 22, 2026Policy updated
    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) adopts a policy change (see the minutes)
    rio.nd.gov
  • Sep 25, 2025Consultant changed
    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) selects Weaver as general consultant
    rio.nd.gov
  • Sep 25, 2025Policy updated
    North Dakota State Investment Board (SIB), via the Retirement and Investment Office (RIO) adopts a policy change: asset allocation
    rio.nd.gov

+2 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.

Size and funding

57 readings
Total assets
$4.2B Jun 30, 2024 reported Census ASPP
$3.8B (2023-06) · $3.6B (2022-06)
Fiduciary net position
$4.3B Jun 30, 2024 reported Census ASPP
$3.8B (2023-06) · $3.6B (2022-06)
Long-term investments
$4.2B Jun 30, 2024 reported Census ASPP
$3.8B (2023-06) · $3.6B (2022-06)
Total pension liability
$2.0B Jun 30, 2024 reported Census ASPP
$2.0B (2023-06) · $3.0B (2022-06)
Discount rate
6.50% Jun 30, 2024 reported Census ASPP
6.50% (2023-06) · 5.10% (2022-06)
Participants
60,098 Jun 30, 2024 reported Census ASPP
49,603 (2023-06) · 55,266 (2022-06)
Active members
25,799 Jun 30, 2024 reported Census ASPP
25,021 (2023-06) · 24,779 (2022-06)
Beneficiaries
15,632 Jun 30, 2024 reported Census ASPP
14,997 (2023-06) · 14,204 (2022-06)
Benefits paid
$269M Jun 30, 2024 reported Census ASPP
$253M (2023-06) · $236M (2022-06)
Investment expense
$9.5M Jun 30, 2024 reported Census ASPP
$10.7M (2023-06) · $9.3M (2022-06)

Provenance

Identifiers: Census PID6 227723
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target, fund commitments, allocation policy.

Record history

7 dated events on the change ledger, latest event first
  • Manager terminated
    2026-07-29source on record
  • Consultant changed
    2026-07-29source on record
  • Policy updated
    2026-01-22source on record

+4 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+2 connections on the graph

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.