Active Short and Intermediate Term Fixed Income
Agency: | The New York State Contract Reporter |
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Level of Government: | State & Local |
Category: |
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Opps ID: | NBD15621009603909762 |
Posted Date: | Nov 8, 2023 |
Due Date: | Dec 15, 2023 |
Source: | https://www.nyscr.ny.gov/ifram... |
Description: Pursuant to the provisions of 9 NYCRR, Section 9003.2, authorized by Section 5 of the State Finance Law, the New York State Deferred Compensation Board, beginning Wednesday, November 8, 2023, is soliciting proposals from financial organizations to provide separate account contracts to be invested in fixed income securities and fully wrapped by the financial organization. Each separate account investment contract will be a portion of the New York State Deferred Compensation Plan’s Stable Income Fund. The Stable Income Fund is offered as an investment option under the Deferred Compensation Plan for Employees of the State of New York and Other Participating Public Jurisdictions, a plan meeting the requirements of Section 457 of the Internal Revenue Code and Section 5 of the State Finance Law, including all rules and regulations issued pursuant thereto. A copy of the request for proposals will be posted on Callan LLC’s website (https://callan.com/rfps/) and on the Board’s web site: deferredcompboard.ny.gov . The designated contacts for this procurement are Tom Shingler ( shingler@callan.com ) and David Miller (miller@callan.com). The Board is seeking proposals from financial organizations to provide Active Short Duration Fixed Income and Active Intermediate Aggregate Fixed Income investment management services as detailed below.
Proposals must be received no later than the close of business on December 15, 2023. Due Date: 12/15/2023 5:30 PM Contract Term: 10 years Location: Albany Ad Type: General
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