PENSION AND NON-PENSION INVESTMENT CONSULTANT SERVICES - Fiduciary 3(21)

Project Description: The City of Tallahassee operates under a Commissioner-Manager form of municipal governance. The City Commission is made up of five citizens, four commissioners and a leadership mayor, each elected at large, who are the policy makers. The Commission appoints the City Manager, City Treasurer-Clerk, City Attorney, and City Inspector General who are responsible for the day-to-day operations of the City and implementing approved City policies.
The City Charter provides that a Sinking Fund Commission is responsible for oversight of the investment of all City pension funds. The Sinking Fund Commission is made up of the four City Commissioners, the Mayor, and three members of the local community, appointed by the City Commission because of their financial expertise. The three appointed members of the Sinking Fund Commission, by policy, serve as the Investment Advisory Committee in connection with the non-pension investments of the City. As such, their powers are advisory only. The City Commission approves policy related to the investment of all non-pension investments of the City. The City Treasurer-Clerk is charged with the responsibility of staffing the Sinking Fund Commission, administration of the City's pension funds and the investments therein, and investment of all non-pension cash and investments of the City.
Interested Firms please see more detailed specifications in section 3 of the solicitation.