South San Francisco Opengov #2026-27.FIN.001

Municipal Advisory Services for Section 115 Pension Trust Evaluation and Provider Selection

The City of South San Francisco's Finance Department is seeking proposals for municipal advisory services related to the evaluation and establishment of a Section 115 pension trust. - Government Buyer: - City of South San Francisco, Finance Department - Scope of Services: - Evaluation, design, and funding strategy for a Section 115 pension trust - Review of pension funding and reserve strategies - Definition of reserve targets and development of funding methodologies - Analysis of trust structures and scenario modeling - Policy development, procurement and implementation support - Advisory services to City Council and staff - Requirements: - Firms must be registered with the SEC and MSRB if providing municipal advisory services - Independent advice and conflict of interest disclosures required - Demonstrated experience with California public agencies and CalPERS - Proposals must include firm overview, technical approach, references, fee proposal, and work samples - No specific OEMs or product vendors are mentioned, as this is a professional services solicitation.

Description

The City of South San Francisco is seeking proposals from qualified firms to provide municipal advisory services related to the evaluation, design, funding strategy, and establishment of a Section 115 pension trust. The scope includes pension funding and reserve strategy review, defining purpose and reserve targets, funding methodology development, trust structure analysis, scenario modeling, policy development, procurement and implementation support, and support for City Council and staff. Proposals must be submitted electronically and in hard copy by October 9, 2026. The project involves providing expert advisory services to assist the city in managing its pension trust effectively.

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