On November 7, 2013, the Retirement Board approved the selection of Franklin-Templeton for a $200 million global multi-sector plus fixed income mandate for the County Employees' and Officers' Annuity and Benefit Fund of Cook County. The mandate will be funded from TIPS and other core assets.

The mandate represents a new allocation as part of a 2013 structure implementation process designed to optimize the Fund’s fixed income structure by increasing the Fund’s exposure across a broad spectrum of global fixed income markets. This investment will represent approximately 9% of total allocated fixed income assets and less than 2.5% of total Fund assets.