Project Information

Bid Title

Municipal Advisory Services: Section 115 Pension Trust Evaluation, Strategy, and Provider Selection

Issuing Agency

City of South San Francisco

Location

California

Published Date

Sep 27, 2026

Closing Date

Oct 9, 2026

Government Level

State & Local

Status

Closed

Ref. #

2026-27.FIN.001

Original Source

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Bid Documents

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Project Description

Project ID: 2026-27.FIN.001

Title: Municipal Advisory Services: Section 115 Pension Trust Evaluation, Strategy, and Provider Selection

Addenda: 0

Release Date: 9/24/2026

Due Date: 10/9/2026

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Municipal Advisory Services: Section 115 Pension Trust Evaluation, Strategy, and Provider Selection

Request for Proposals

Finance

94600

Project ID: 2026-27.FIN.001

Release Date: Thursday, September 24, 2026

· Due Date: Friday, October 9, 2026 12:00pm

Posted Thursday, September 24, 2026 9:32pm

All dates & times in Pacific Time - Los Angeles

Draft Response No Bid11 days, 17 hours, 31 minutes

Post Information

Posted At:Thu, Sep 24, 2026 9:32 PM
Sealed Bid Process:No
Private Bid:No

Overview

Summary

The City of South San Francisco (the “City”) 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. On September 9, 2026, the City Council authorized staff to move forward with establishing a Section 115 trust and has directed staff to obtain independent advisory assistance regarding trust structure, reserve sizing, funding methodology, and the comparative risks and potential returns of single-employer and multiple-employer trust options.

The selected consultant will assist the City in developing a practical pension reserve strategy, including a recommended target funding range, an objective methodology for initial and ongoing contributions, a framework for use of trust assets to improve budget predictability, and a competitive procurement for a Section 115 trust provider.

The City is seeking independent advice free from actual or perceived conflicts of interest. Where any portion of the proposed scope constitutes municipal advisory activity under applicable federal law, the proposing firm, or the team member responsible for that work, must be appropriately registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) and remain in compliance with applicable requirements.

Background

The City of South San Francisco is a general law city in San Mateo County operating under a Council-Manager form of government. The City participates in the California Public Employees’ Retirement System (CalPERS) for its Miscellaneous and Safety employee groups and is evaluating establishment of a Section 115 pension trust as part of its long-term pension funding and reserve strategy. The City has completed preliminary analysis of projected UAL payments and pension reserve needs and is seeking independent assistance to validate and expand that work.

Timeline

Release Project Date:

September 24, 2026

Question Submission Deadline:

October 5, 2026, 11:00am

Question Response Deadline:

October 6, 2026, 11:00pm

Proposal Submission Deadline:

October 9, 2026, 12:00pm

Interviews, if conducted:

October 15, 2026

Contractor Selection Date:

October 19, 2026

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541618Other Management Consulting Services

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