National Conference on Public Employee Retirement Systems

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Public Pension RFP Roundup

Brought to you by NCPERS for February 2024
Public Pension RFP Roundup

NCPERS regularly highlights the latest RFPs and RFIs in the public pension industry on behalf of its members. Find our latest roundup of job listings, hiring, and retirement announcements hereIf your organization has an RFP/RFI for inclusion, please submit all relevant information to for consideration. 

Commonwealth of Puerto Rico Plan of Adjustment Pension Reserve Trust (PRT)
The Commonwealth of Puerto Rico Plan of Adjustment Pension Reserve Trust (PRT) has announced two requests for proposals (RFPs) for investment managers that are available at its website:

The first RFP is for Investment Grade Corporate Credit managers.  PRT is looking for long only strategies. The total allocation to the selected manager(s) will be approximately $660 million.

The second RFP is for multi-asset managers. Multi-Asset strategy is defined as long-only (non-hedge fund structure) investments across liquid, global investable markets designed to express the investment managers' best ideas across the global opportunity set. Selected manager(s) will receive a total allocation of approximately $130 million.

“The PRT serves as a reserve account to support the government's ability to pay retiree pensions from 2032 on. It is an independent trust created to help provide confidence to current and future pensioners that their pensions will be paid as promised,” said María del Carmen López, Executive Director of the PRT.

The creation of the PRT was required by the Federal Court Order that confirmed the Commonwealth Plan of Adjustment in January of 2022. It reports on its activities and investments to the Commonwealth Plan of Adjustment Pension Benefits Council (PBC), to the Financial Oversight & Management Board, to the Government, and to the public through its website and various reports.

San Bernardino County Employees' Retirement Association (SBCERA)
The San Bernardino County Employees' Retirement Association is requesting proposals for an Audit Workplan with three specific areas for Agreed Upon Procedures Reports to be prepared by an independent accounting firm:

1. Benefits and Customer Service – Death Benefit Processes – Payments to Beneficiaries and Member Death Verification
2. Financial Operations – Accounts Payable
3. Financial Operations – Payroll Process

View the full RFP. Responses are due March 11 by 4:00pm. 


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