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COAERS Issues RFP For General Investment Consultant

January 2, 2024 | News Release

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AUSTIN, TX – The City of Austin Employees’ Retirement System issued a Request for Proposal (RFP) for general investment consultants. The $3 billion fund is soliciting proposals from qualified bidders for the services of an investment consulting firm to provide independent, unbiased, proactive research, information, and advice to the Board and Staff in regard to the COAERS fund.

Proposals are due for submission by 5:00 pm Central Time on February 9, 2024. Bids will be publicly opened on February 12, 2024, at 12 pm, Central Time via virtual meeting.

For the public bid opening participation instructions, to register as a respondent, and other important information about this procurement, please visit the COAERS website at or email for questions.

Please note the following important dates:

RFP Issuance
January 2, 2024

Deadline for Submission of Questions
January 12, 2024

Pre-Proposal Conference
January 19, 2024

Deadline to register as a Proposer
February 2, 2024

Deadline for Submission of Proposals
February 9, 2024

Public Proposal Opening
February 12, 2024



COAERS, a defined benefit pension fund, was originally established in 1941 by City ordinance and has been governed by Texas state law since 1991. Governed by an eleven-member Board of Trustees, COAERS administers retirement, disability, and death benefit programs for full-time employees of the City of Austin, and serves more than 20,000 active members, retirees, and beneficiaries.




Mehrin Rahman, Communications Director