CalSTRS Seeks Investment Accounting Consultant

News release

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for investment accounting and to provide appropriate training to CalSTRS employees in its operation.

The final filing date for proposals is March 18, 2008, with the selection expected to be in April. The request for proposals is available for viewing on the CalSTRS Web site at www.calstrs.com/rfp.

The contract period is up to three years with the option of two one-year extensions. The services include business and technical consulting services in investment accounting; implementation of policy, internal control, organization, process and tool changes; and operational support to CalSTRS employees.

The work will be done in two phases:

  • gap analysis and transformation planning and
  • operational transformation and turnover.

Established 95 years ago, the California State Teachers’ Retirement System is the second-largest public pension fund in the United States. It administers retirement, disability and survivor benefits for California’s 813,000 public school educators and their families from the state’s 1,400 school districts, county offices of education and community college districts.