Texas DIR/ESBD #TRS000667

TRS Seeks Compensation Study and Salary Survey Data Services for Investment Positions

The Teacher Retirement System of Texas (TRS) is seeking a contractor to provide compensation study and salary survey data services for its investment positions. - Government Buyer: - Teacher Retirement System of Texas (TRS) - Procurement & Contracts Office, Austin, TX - Products/Services Requested: - Biannual compensation analysis of approximately 260 investment-related positions - Assess base salary and incentive compensation by job title for both filled and vacant roles - Benchmark against large U.S. public pension funds and private-sector firms - Deliverables include detailed electronic files, reports, presentations, and ad hoc reviews of new roles - Salary survey data services - At least two years of historical investment position survey data - Access to survey data for all investment-related titles in the contractor's database - Optional survey data services between biannual analyses - Unique/Notable Requirements: - Minimum five years' experience in compensation analysis for public U.S. pension funds and private sector firms - Ability to benchmark against a specific peer group of large pension plans with actively managed investments - Compliance with Texas Government Code Section 825.103 - Veteran Heroes United in Business (VetHUB) Subcontracting Plan required - Firm, fixed pricing with travel reimbursement subject to approval - No specific OEMs or vendors are named in the solicitation - Estimated contract value: $800,000 - Contract term: Five years, with possible renewals and a unilateral 180-day extension by TRS

Description

The Teacher Retirement System of Texas (TRS) is seeking a qualified contractor to perform a competitive pay analysis of TRS investment positions. The study will assess the competitiveness of base salary and incentive compensation by job title for both filled and vacant roles. The contract term is five years, and the procurement includes compensation study and salary survey data services. The solicitation requires experience with public U.S. pension funds and private sector firms, and the contract value is estimated at $800,000.

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