The Chicago Teachers’ Pension Fund (the “Fund”) has issued a Request for Proposal (RFP) for all qualified banking institutions interested in providing banking services for CTPF member payments and vendor payments. The Fund is also seeking a vendor to maintain and market a CTPF Affinity Card Program. Currently CTPF processes, on average, 28,327 monthly ACH payments and 1,175 manual checks a month for member benefit payments, vendor payments, and administrative expense processing. The average monthly dollar amount of these payments is $117,458,416.
The RFP with specific information about requirements and deliverables can be found here: http://www.ctpf.org/general_info/procurement.htm.
All written questions regarding this RFP are due by Tuesday, October 10, 2017, 12:00 p.m. (CST). Direct questions and information to: Becky Gonzales (email@example.com). Proposals are due by Friday, October 20, 2017, 12:00 p.m. (CST).
Please review this request and submit a proposal if the project fits your banking institution’s capabilities. Changes or updates to this RFP will be posted on the CTPF website.
To place your RFP, Classified, or Career Opportunity ad in Pensions & Investments newspaper and online, please contact Erin Smith at 212-210-0719.
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