DRAFT Sole Source Contract 25-02, CEM Benchmarking Inc.

The Department of Retirement Systems (DRS) is seeking to award a sole source contract to CEM Benchmarking Inc. to provide independent public pension administration benchmarking services. The contract will commence on July 1, 2025, and end on July 1, 2027, with the option to extend for up to 4 additional years. The contractor will provide benchmarking services, including data collection, analysis, and reporting. The contractor will also be required to maintain confidentiality and adhere to data security requirements. The contract value is estimated to be $128,000. Key aspects of the job include: • Providing independent public pension administration benchmarking services • Collecting and analyzing data • Generating reports • Maintaining confidentiality and adhering to data security requirements • Cooperating with DRS to achieve the objectives of the contract • Providing services in a timely and professional manner