Other Post-Employment Benefits Trust Administration Services

The City of Austin is soliciting proposals under RFP 7400 SMW3040 for professional trust administration services for its Other Post-Employment Benefits (OPEB) Trust Fund. The selected contractor will be responsible for providing fiduciary, custodial, administrative, investment support, reporting, compliance, and participant services. All activities must be conducted in accordance with federal and Texas laws, Governmental Accounting Standards Board (GASB) requirements, trust documents, and established investment policies. Proposals are due by September 3, 2026, and must be submitted electronically via Austin Finance Online. The contract will be awarded based on a 100-point scoring system, with the City reserving the right to shortlist candidates for further presentations or demonstrations. Pricing is based on a proposed annual percentage rate tied to fund tiers and a schedule of hourly billing rates or retainer fees. Key requirements for offerors include providing resumes for personnel with a proven track record in OPEB services, certifying compliance with non-discrimination and wage theft ordinances, and verifying adherence to Texas Government Code regarding anti-boycott policies. Preference points are available for certified local and small businesses. The contract commences upon execution and continues until all obligations are performed, with the City maintaining the option to extend the term.