Illinois state treasurer’s office, Springfield, is searching for an investment consultant for the Illinois Secure Choice Savings Program, said spokesman Greg Rivara.
The Illinois Legislature approved a bill in December to establish the Illinois Secure Choice Savings Program, an auto-enrollment, payroll-deducted retirement savings account for certain private-sector employees whose employers do not offer retirement plans outside of Social Security.
Applicable employees are expected to be enrolled starting June 1, 2017.
It is expected any searches for record keepers or individual investment options will involve the Secure Choice Board. The spokesman did not have further information at this time.
The RFP is available on the treasurer’s office’s website. Proposals are due at noon CST on Nov. 9 A hiring decision is expected by mid-December.
A procurement official for Treasurer Michael J. Frerichs could not immediately be reached for additional information.
