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 ad in Pensions & Investments print and online, please contact Erin Smith at firstname.lastname@example.org or 212-210-0719.
Advertising for the RFP section closes 7 days prior to publication.