The Illinois State Board of Investment (“ISBI”) hereby issues a request for competitive proposals (“RFP”) from qualified emerging investment managers or minority investment advisory firms to provide Passively-Managed Global Equity Investment Advisory Services (“Respondent”) on behalf of the State of Illinois Deferred Compensation Plan. The benchmark for this allocation will be the
MSCI ACWI or MSCI ACWI IMI.
All forms needed for submitting a response to this RFP are available on ISBI’s website at
https://www.isbinvestment.com/rfp. Respondents to this RFP are responsible for monitoring
ISBI’s website for information pertaining to the RFP, while the RFP is outstanding.
Pursuant to the Illinois Pension Code, ISBI is a non-appropriated state agency that is responsible for
overseeing the State of Illinois Deferred Compensation Plan (the “Plan”). The Plan is a defined
contribution pension plan that is a non-ERISA, governmental plan under Section 457 of the Internal
Revenue Code of 1986. More information regarding ISBI, its Board of Trustees (the “Board”) and
the Plan can be found by reviewing its enabling statute in the Illinois Pension Code at 40 ILCS 5/22A,
40 ILCS 5/24 and its website at: https://www.isbinvestment.com. The relevant Plan demographical
and investment option data is listed below as of December 31, 2017:
Total Plan Assets: $4.6 Billion
Total Number of Participants: 52,736
Separate Account Custodian: Northern Trust
Recordkeeper: T. Rowe Price
A. Date of Issue: March 5, 2018
B. Deadline to Submit Written Questions: March 12, 2018, Noon CDT
C. Q & A Document Posted to ISBI’s Website: March 19, 2018
D. Final Filing Date: March 23, 2018, 3:00PM CDT
E. Potential Interviews: TBD
F. Finalist Notified By: June 2018 (tentative)
The Maryland State Treasurer’s Office is requesting bids for financing, on a consolidated basis, the acquisition by agencies of the State of Maryland (the “Lessee” or the “State”) of certain equipment under a tax-exempt lease-purchase financing arrangement. The successful bidder (the “Lessor” or “Contractor”) will provide financing for $1,357,654.75 in new equipment purchases. The financing is expected to close April 18, 2018.
The Maryland State Treasurer’s Office, the issuer of this Request for Proposals, is requesting proposals to select a broker to market, manage and service insurance policies and related documents for insurance coverages of (1) aviation exposures and (2) transit exposures for the State of Maryland.
Proposals are due by 2:00 p.m. on March 6 2018.
The State of Wisconsin (State) Capital Finance Office seeks to review the qualifications of firms who desire to be Senior Managers and Co-Managers in the negotiated sale and issuance of various State of Wisconsin obligations such as General Obligations, Transportation Revenue, Environmental Improvement Fund Revenue, General Fund Annual Appropriation, and Master Lease Credits. The review of these qualifications would also apply for the development and issuance of obligations for any new borrowing programs.
If intending to respond to this Request for Qualifications (RFQ), please immediately send (i) Firm Name, and (ii) Name, Telephone Number, and E-Mail address of person preparing the response to the following E-mail address:
While not required, providing this information allows the State to distribute additional information, if needed, to potential respondents.
The initial deadline for receipt of Electronic Submittals in PDF format is Noon (CT) on Friday, February 16, 2018. Electronic submittals must be received by this time at the above E-Mail address. In addition, four paper copies (three bound and one unbound suitable for photocopying) should be received at the following address by the business day immediately following the electronic submittal:
David R. Erdman, Director
State of Wisconsin Department of Administration
Capital Finance Office
101 E. Wilson St., 10th Floor
Madison, WI 53703
Receipt of the electronic submittal by Noon (CT) on Friday, February 16, 2018, constitutes meeting the initial deadline under this RFQ. The State will accept electronic submittals and paper copies of responses to this RFQ at any time; however, the State of Wisconsin Capital Finance Office cannot represent that a timely review will occur for submittals that are received after the initial deadline.
The Office of the Illinois State Treasurer (“Treasurer”) is issuing this Request for Proposals (“RFP”) to retain a consultant to conduct a review of the Treasurer’s banking receipt and payment processes and systems, and provide recommendations for improvements and increased efficiencies across the treasury management system enterprise. The successful Respondent (“Contractor”) shall assist the Treasurer in providing a comprehensive review of its banking and payment operations, processes, and procedures and any associated treasury management system enterprise. The Treasurer’s goal is to improve its programs via reduced operational risks, optimized cost structures, streamlined operations, and enhanced services. Respondents must submit their Proposals by 12:00 p.m. CT on March 16, 2018. The Contractor shall enter into a contract with the Treasurer (“Agreement”) for an initial term of four (4) years. Upon expiration of this term, the Treasurer may elect to extend the Agreement for a period of time agreed upon by the parties, not to exceed a total of ten (10) years.
The Contractor shall provide the Treasurer the following services in accordance with applicable State and federal laws, rules, and regulations (collectively, the “Services”):
A. Conduct an initial business process review of the Treasurer’s banking operations, payment processes, and risk management across the treasury management system enterprise, which includes but not is not limited to the collection of payments by coins, cash, checks, drafts, electronic fund transfers, electronic checks, credit card payments, and debit card payments and the processing of such payments for acceptance and collection. The business process review shall focus on potential improvements and increased efficiencies;
B. Develop and provide recommendations on the Treasurer’s banking operations and payment processes, keeping the Treasurer up-to-date on technological advancements, banking regulations, innovations in payment services, and other banking service solutions;
C. Identify opportunities across the treasury management system enterprise for the Treasurer to 1) streamline processes and functions and 2) eliminate redundant and unnecessary banking and payment processes and functions;
D. Recommend an integrated technology solution framework that will provide the Treasurer with useful data and the ability to better track and measure program outputs, performance, and efficiency;
E. Assist the Treasurer in the selection of an integrated technology solution by providing insight, perspective, and analysis of potential service providers;
F. Collaborate with the selected integrated technology solution service provider and the Treasurer to optimize treasury management systems and business process performance and to minimize business interruptions during implementation;
G. Develop and implement a process that addresses the treasury systems, business process matters, and risk management on an on-going basis;
H. Provide guidance and recommended courses of action that support optimal treasury management systems and processes that align with the interests, fiduciary duties, and
responsibilities of the Treasurer;
I. Conduct an annual review of the Treasurer’s banking operations and payment processes and services and provide actionable recommendations, if any, for improvements and increased efficiencies across the treasury management system enterprise;
J. Recommend banking and payment process optimization opportunities and other activities deemed relevant by the Treasurer;
K. Meet with the Treasurer to present and discuss Contractor’s research, reports, analysis, recommendations, and other relevant topics on an as needed basis, but no less than four (4) times per year;
L. Be available to discuss any treasury management, banking operation, and payment process issues with the Treasurer and the Treasurer’s vendors on an as needed basis;
M. Serve as a general resource to the Treasurer for information, advice, and training regarding subjects that include, but are not limited to, the following: treasury management services, banking operations, payment processes, payment services, regulatory updates, technological advances, and other related banking activities;
N. Provide or recommend educational classes/seminars for the Treasurer, as requested;
O. Present on various banking topics, including treasury management system best practices, as requested by the Treasurer.
The purpose of this request is to assist the Maryland 529 Board in reviewing the current 529 landscape and to provide for perspective to strategically plan for the future. Specifically, Maryland 529 is looking to review:
The consultant should expect to participate in a two-hour in-person presentation to the Maryland 529 Board. If the Board has additional questions, there may be a small amount of additional consultation. In case such additional consultation is required, please provide an hourly rate for those additional services.
The Illinois Revised Uniform Unclaimed Property Act (765 ILCS 1026; the “Act”) requires the remittance of presumptively abandoned securities to the Illinois State Treasurer’s Office (the “Treasurer”). In order to process and maintain accounts for this type of property, the Treasurer issues this Request for Proposal (the “RFP”) for a custodial and brokerage firm (the “Contractor”) to assist in this task. The responsibilities of the Contractor shall include, but are not limited to, safekeeping, receipt, research, delivery, liquidation, tracking all payments of income and corporate actions, and selling presumptively abandoned securities remitted to the Treasurer. Proceeds from securities liquidated by the Contractor will be held for the reported owner of the security by the Treasurer.
The Contractor shall enter into a contract with the Treasurer (the “Agreement”) for an initial term of four (4) years, with an estimated start date of no later than April 1, 2018. Upon expiration of this term, the Treasurer may elect to extend the Agreement for a period of time agreed upon by the parties, not to exceed a total of ten (10) years, including the initial four (4) years.
RESPONSES DUE 01/24/2018
Treasury, in its continued efforts to improve the effectiveness of services provided, is pursuing improved technology to support it in carrying out its activities. The intent of this Request for Proposals (“RFP”) is to obtain proposals from qualified firms interested in providing an automated reconciliation software solution.
Treasury performs reconciliation of 58 bank accounts from 7 different banks. Once the bank reconciliations are completed, Treasury staff develop journal entries as needed for entry to the State’s financial system, “RIFANS” (Oracle Financials version 12) for all open items that require adjustments and returned items. The approximate annual item count is 2,000 journals.
Preference will be given to a company that
• Facilitates the automation of these entries, and has the capability of performing the appropriate matching
of bank and corresponding accounting entries within the system. The description of this capability should
be detailed in the RFP response, confirmed by onsite demos, and verified by vendor-provided references,
• Has the capability of handling multiple users working simultaneously on different tasks and accounts.
• Provides a robust reporting package without the need to utilize external software.
• Provides a great customer service experience, including during interactions in the RFP process.
The Maryland State Treasurer’s Office (the “Office”), which is issuing this Invitation For Bids (“IFB”), is requesting bids for financing, on a consolidated basis, the acquisition by agencies (the “Agencies”) of the State of Maryland (the “Lessee” or the “State”) of certain equipment under a tax-exempt lease-purchase financing arrangement (the “Lease”, also referred to herein as the “Contract”). The successful bidder (the “Lessor” or “Contractor”) will provide financing for $802,594.16 in new equipment purchases (the “Equipment”). The financing is expected to close January 17, 2018 (the “Financing date”). The financing shall be provided as described in Section III of this Invitation for Bids (“IFB”).
Procurement Officer: Anne Jewell
The sole point of contact for purposes of this procurement is the Procurement Officer. The Procurement Officer may designate others to act on her behalf. The Office may change the Procurement Officer or change the limits of her authority at its discretion. Prospective bidders who have received this document from a source other than the Issuing Office should immediately contact the Issuing Office and provide their name, mailing and email address so that any amendments to the IFB and other communications may be sent to them.
This IFB is also available on the State Treasurer’s website in PDF format at https://www.treasurer.state.md.us by clicking on “Procurement Information” and then “IFB for January 2018 Tax-Exempt Equipment Lease-Purchase Financing,” and on the State of Maryland’s eMaryland Marketplace at https://emaryland.buyspeed.com/bso.
Bids are due by 11:00 a.m. ET on 12/27/2017
The State provides a workers’ compensation program to approximately 75,000 state employees in accordance with Tennessee’s general workers’ compensation laws. The mission of the State in this area is to provide prompt and high quality medical and pharmaceutical services to injured state workers in a cost effective manner. Goals of the program include: (1) rendering compensability decisions to injured state workers within 14 days of their submission of an accident report form; (2) ensuring that injured state workers throughout the state have reasonable access to and receive prompt, appropriate treatments and levels of care from the health care community during their recovery from their injury; (3) providing lost time benefits, which represent salary replacement payments, to injured state workers on a biweekly basis to minimize the financial consequences of their injury; (4) payment of permanent disability benefits; and, (5) assisting injured state workers in returning to work at the earliest point possible, consistent with their injury and treatment plan.
To meet these goals, delivery of services under the program is coordinated by staff in the Department of Treasury, Division of Claims and Risk Management (DCRM). This division coordinates services for injured workers and serves a customer driven “quality control” role to ensure that employees are appropriately served by vendors with whom DCRM contracts.
Since September 1993, workers’ compensation benefits have been delivered through a third party administrator (TPA). The TPA serves as the focal point of service delivery and is responsible for investigation of all workers’ compensation claims filed by injured workers and for making determinations as to the compensability of accidents, subject to the oversight of DCRM. Once compensability is determined, the TPA makes medical and indemnity payments on the State’s behalf in accordance with state law. There are approximately 3,500 nurse triage calls a year and 2,700 claims administered annually.
Services requested in this RFP
The State intends to secure a contract for:
· State-wide workers’ compensation Pharmacy Benefits Management (PBM) services, including point-of-sale pharmacy claims processing, a mail order program, utilization management services, cost containment processes that apply state-mandated fee schedule review services to point of sales bills, out-of-network bills, paper bills, third party bills, and bills for physician dispensed medications;
· Physician Peer Review services including Physician Peer to Peer Review, Telephonic Case Management, and Cognitive Behavioral Therapy.
· Telehealth based medical services.