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Current RFPs
Actuarial Services RFP
The Metropolitan Water Reclamation District Retirement Fund (Fund) hereby requests proposals from consulting actuaries to perform the annual plan valuation and other related actuarial services. Responses to the RFP are due by August 19, 2022. Click here to read the RFP.
Answers to questions submitted by vendors may be found by clicking here.
SharePoint - Intranet Development and Content and Document Migration Request for Proposal
On June 30, 2022, the Metropolitan Water Reclamation District Retirement Fund (Fund) issued an RFP for SharePoint Intranet Development and Content and Document Migration. Responses were due on July 27, 2022. At the August 24, 2022, Retirement Board meeting, staff was given Board approval to begin contract negotiations with MXOTech for the SharePoint migration project. Check back for updates.
You may find the RFP by clicking here. Vendor questions relative to the RFP were due on July 8, 2022. Answers to those questions may be found by clicking here.
Recent RFPs
International Equity
On August 4, 2021, The Metropolitan Water Reclamation District Retirement Fund (Fund) requested proposals from investment management firms (Investment Manager) interested in providing actively managed International Developed Countries Equity Large Cap products (Mandate). The Board of Trustees (Board) solicited firms to provide the services for the $50 million - $100 million Mandate.
PAS Replacement
On June 28, 2021, the Metropolitan Water Reclamation District Retirement Fund (Fund) requested proposals from Pension Administration System developers interested in engaging in the Fund's Pension Administration Replacement Project. Responses were due October 8, 2021. Responses were received from three vendors. On February 23, 2022, the Board approved staff to negotiate a contract with Levi, Ray & Shoup. That contract was finalized on June 13, 2022. The PAS Replacement project has been formally named Project Ascent. Development is scheduled to begin on December 1, 2022.
Policies
Procurement Policy for Investment Advisers
Procurement Policy for Investment Consultants
Professional Services Diversity Policy
Sample IMA
In accordance with PA 96-0006, the following sample Investment Management Agreement (IMA) provides an illustration of the agreement required between the manager selected and MWRDRF.
Investment Management Agreement
Business Directory:
Current Consultants and Contractors
(Exclusive of Investment Managers)
Actuary . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . Foster & Foster Inc., Naperville, IL
Attorney. . . . . . . . . . . . . . . . . . .Jacobs, Burns, Orlove and Hernandez, Chicago, IL
Auditor. . . . . . . . . . . . . . . . .. . . . . . .. . . Legacy Professionals, LLP, Westchester, IL
Investment Consultant. . . . . . . . . . . . . . . . . Marquette Associates, Inc., Chicago, IL
Data Management Services . . .Managed Business Solutions, Colorado Springs, CO
PAS Consultant . . . . . . . . . . . . . . . . . . . . .Provaliant Retirement LLC, Scottsdale, AZ
