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 scope of services includes asset custody and safekeeping, trade settlement and processing, recordkeeping and reporting, compliance and risk management, cash management, and client service and support. 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 services: asset custody, trade settlement, recordkeeping, compliance, cash management, client service • Contract term: 5 years with option for renewal • Plan assets: cash, equities, fixed income, mutual funds, alternative investments • Regulatory requirements: ERISA, IRS, GASB • Service standards: timely transaction settlement, accurate reporting, client service response within 2 business days