Custodian Services for the City of Omaha Employees Retirement Systems (COERS) and Police & Fire Retirement System (COPFRS)

The City of Omaha is seeking proposals from qualified financial institutions to provide custodial services for the Civilian Pension Retirement System and Police & Fire Retirement System. The selected custodian will be responsible for safeguarding plan assets, processing transactions, maintaining records, and providing comprehensive reporting, ensuring compliance with applicable laws and regulations. The initial contract term will be 5 years, with the option to renew for five 1-year extensions, subject to satisfactory performance and mutual agreement. Key responsibilities include asset custody and safekeeping, trade settlement and processing, recordkeeping and reporting, compliance and risk management, cash management, and client service and support. • The vendor will be required to assume responsibility for all contractual services offered in this proposal. • The vendor must provide a detailed description of its proposed approach to the management of the project. • The vendor must identify the specific professionals who will work on the City of Omaha project if their company is awarded the contract. • The vendor must provide a summary matrix listing the vendor’s previous projects similar to this Request for Proposal in size, scope, and complexity.