Coronavirus (COV-19) update.

May 3, 2023

Pension Administration System RFP 2023

The Board of Trustees for the Chicago Transit Authority Retirement Plan (“Retirement Plan”) is soliciting firms to provide proposals for a hosted Pension Administration System (PAS). This Request for Proposal (RFP) is not an offer to contract but seeks the submission of proposals from qualified, professional firms. The Retirement Plan reserves the right to reject any or all proposals and to solicit additional proposals if that is determined to be in the best interests of the Retirement Plan.

Timeline

  • RFP Date of Issue: May 3, 2023
  • Bidder Questions: May 26, 2023
  • Response to Questions: June 2, 2023
  • Proposal Due Date: June 23, 2023 by 3:00 PM CST
  • Proposal Evaluation (Tentative): June 30, 2023
  • Finalists Notification (Tentative): July 7, 2023
  • Finalists Presentations (Tentative): July 29 – August 4, 2023
  • The Retirement Plan selection presented to Board: August 24
  • Contract Negotiations: September 1 – 29, 2023
  • Implementation Project Start: October 2, 2023