Req. #10160
"SOLUTION NO. %S'6305
1 WHEREAS the Board of Administration ("Board") of the Tacoma Employes'
2 Retirement System ("System") is responsible for the proper and prudent
3 investment of the funds of the System, and
4 WHEREAS the Board finds it necessary to employ a consultant to provide
5 pension and investment consulting services for the Board, and
6
WHEREAS the Board, at its meeting held on June 10, 2004, determined
7
8 that it was reasonable and prudent to distribute a Request for Proposal ("RFP")
9 for pension consulting services and commenced said process in July 2004, and
10 WHEREAS, at the conclusion of said RFP process, and after a
I I thorough, deliberative review of proposals submitted from ten different firms,
12 the Board, at its meeting held on August 19, 2004, selected Wilshire Associates
13
Incorporated ("Wilshire") as the best firm to provide pension consulting services
14
based upon Wilshire's demonstrated ability to meet the needs of public sector
15
16 defined benefit pension systems, demonstrated consultant success as
17 evidenced by the rates of return achieved for clients, and the overall quality of
18 client services, and
19 WHEREAS the Board further recommended that the City Council
20 authorize the Board to enter into a three-year agreement with Wilshire, with two
21
one-year renewal options, per the terms of the RFP, with the fee for the
22
23 three-year period of October 1, 2004, throug...
Click here for full text