Retirement Systems of Alabama Operational and Organizational Review
Norman Turnipseed
State of Alabama Retirement Systems
[email protected]
P.O. Box 302150
Montgomery
36130-2150
This Request for Proposals (RFP) is being issued by the Retirement Systems of Alabama (RSA or the Systems). The only entity or individual having the authority to obligate the RSA in regard to this solicitation is the Retirement Systems of Alabama and its Chief Executive Officer or Deputy Director.
RSA operates three retirement systems under Code of Alabama 1975 Title 12 Chapter 18, Title 16 Chapter 25 and Title 36 Chapters 27, 27A, 27B, and 27C to provide defined benefits plans and governmental deferred compensation plan under applicable federal statutes. In addition, health insurance benefits are provided to Public Education employees under Code of Alabama 1975 Title 16 Chapter 25A. Boards of Control, who have appointed the Chief Executive Officer, govern the systems. A staff of approximately 250 individuals handles the daily administrative and related services for members and employers. There are approximately 300,000 active and retired members in the systems. Additional information concerning the Systems can be obtained from the Comprehensive Annual Financial Report located under Publications and Forms section on the following web site: http://www.rsa.state.al.us/. The statutory sections referenced above may be access at the following web site: http://www.sos.state.al.us/. RSAs membership services are supported by an environment of integrated legacy COBOL and modern .NET membership systems running in a Microsoft Windows LAN. RSA staff develops and maintains these membership systems. Numerous software products and services, such as Bloomberg, Tradeweb, CreditSights, FactSet, BondEdge and DTC/Omega support front-end investment activities. Investment Accounting services are supported by Sungard Series II portfolio management system which is hosted and maintained by a third-party. RSAs General Ledger functions are facilitated by Microsoft Great Plains with an interface to the State Comptrollers mainframe based accounting systems accommodated through software written and maintained by RSA staff. RSA is seeking assistance in determining the steps necessary to ensure that future services are provided in an effective and efficient manner, that the cost of service per member is controlled and that the mix of benefits is appropriate.
