Austin Afo #RFP 7400 SMW3040

City of Austin OPEB Trust Administration Services Solicitation

The City of Austin, Texas, is seeking proposals for professional trust administration services for its Other Post-Employment Benefits (OPEB) Trust Fund. - Government Buyer: - City of Austin, Financial Services - Central Procurement - Contact: Shawn Willett, Assistant Chief Procurement Officer - Scope of Services: - Comprehensive trust administration for the OPEB Trust Fund - Includes fiduciary, custodial, administrative, investment support, reporting, compliance, and participant services - Plan installation services: implementation planning, actuarial valuation coordination, funding strategies, benefit communication, and data reporting - Plan administration services: monitoring contributions, asset accounting, reimbursement/distribution coordination, trustee coordination, monthly/annual reporting, actuarial valuation updates, audit coordination, and compliance monitoring - Adherence to all applicable federal and Texas laws, Governmental Accounting Standards Board (GASB) requirements, trust documents, and City investment policies - Strict data security and privacy protocols required - Excludes tax, accounting, legal, investment, or actuarial advice - Contract Structure: - Initial term of 36 months with two optional 36-month extensions - No specific OEMs or vendors are named; opportunity is open to qualified firms with relevant experience

Description

The City of Austin is seeking professional trust administration services for its Other Post-Employment Benefits (OPEB) Trust Fund. The selected contractor will provide fiduciary, custodial, administrative, investment support, reporting, compliance, and participant services to administer the OPEB Trust. Services must comply with applicable federal and Texas laws, Governmental Accounting Standards Board (GASB) requirements, trust documents, and investment policies. The solicitation is a Request for Proposals (RFP) and is currently open for submissions.

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