US - The Nebraska Public Employees Retirement System (NPERS) has issued a tender for record keeping services for its three retirement plans, which are valued at over US$1.2bn.
NPERS administers the Nebraska State Employees’ and County Employees’ Retirement Systems, as well as a voluntary deferred compensation plan.
As of 1 January, 2005, these three plans had a total of approximately 31 000 active and inactive members from 91 participating counties and nearly 100 state agencies.
NPERS said a contract resulting from this tender would be issued for a period of five years effective 1 July, 2006, through 30 June, 2011, with the option to renew for an additional five-year period as mutually agreed upon by all parties.
The deadline for submissions is 1 February, 2006, and the contract award will be announced in 27 February.
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