Banking Treasury Management Services

The Sacramento County Employees’ Retirement System (SCERS) is requesting proposals (“RFP”) from eligible and qualified banking institutions (the “bank”) for Banking Treasury Management services. SCERS does not currently maintain a dedicated banking services structure, the selected provider will be establishing these services as a new implementation.

Background

SCERS is a multiple-employer public employee retirement system, enacted and administered in accordance with the provisions of the County Employees Retirement Law of 1937. Since its creation by the Sacramento County Board of Supervisors in 1941, SCERS has provided retirement, disability, and survivors’ benefits to eligible participants of the System.

Under Article XVI, Section 17 of the Constitution of the State of California, the SCERS Board of Retirement is vested with plenary authority and fiduciary responsibility for the investment of monies and the administration of the System. With assistance from qualified professionals in the pension industry, the Board adopts regulations, policies, and procedures that are relevant to SCERS to benefit its members. SCERS’ investment staff assists the Board in overseeing the investment function within SCERS, including the development and implementation of Board-approved investment policies and the oversight of investment managers and investment consultants. The day-to-day administration of SCERS is delegated to the chief executive officer and a full-time staff of approximately 75 employees.

SCERS administers retirement, disability, and survivor benefits for employees of Sacramento County and eleven agencies and special districts that have chosen to participate in the system (such as local park and cemetery districts). Through collective bargaining and compliance with state law, SCERS delivers cost-effective benefits and high-quality customer service, ensuring that member rights are protected and benefits are administered fairly. SCERS’ current net plan assets total approximately $15.7 billion as of December 31, 2025.

Project Details

• Reference ID: 2026-GEN-0062
• Department: Sacramento County Employees' Retirement System
• Department Head: Eric Stern (Chief Executive Officer)

Important Dates

• Questions Due: 2026-07-17T23:00:00.000Z
• Answers Posted By: 2026-07-24T23:00:00.000Z

Evaluation Criteria

• Materials Proposed (10 pts)
• On Hand Inventory (10 pts)
• Experience with Projects of Similar Size and Scope (35 pts)
• Approach & Methodology (10 pts)
• Price (25 pts)
• References (5 pts)
• Quality of Response (5 pts)
• Risk Assessment (10 pts)

Submission Requirements

• Certification of Independent Contractor Status (required) —

  "I hereby certify that the Contractor/Consultant firm employs five or more full-time employees. "Full-time," as defined by the Internal Revenue Service, means persons employed for 20 or more hours per week, and excludes temporary employees whose term of employment will be less than one (1) month. This certification satisfies the Internal Revenue Service criteria for treatment of the above-named Contractor/Consultant as an independent contractor, not an employee for tax withholding purposes."

• Iran Contracting Act Certification (required) —

  (California Public Contract Code, sections 2202-2208)
  
  When responding to a bid or proposal or executing a contract or renewal for a County of Sacramento contract for goods or services of $1,000,000 or more, a vendor must either:
  
  A. certify it is not on the current list of persons engaged in investment activities in Iran created by the California Department of General Services (“DGS”) pursuant to Public Contract Code section 2203(b) and is not a financial institution extending twenty million dollars ($20,000,000) or more in credit to another person, for 45 days or more, if that other person will use the credit to provide goods or services in the energy sector in Iran and is identified on the current list of persons engaged in investment activities in Iran created by DGS; or
  
  B. demonstrate it has been exempted from the certification requirement for that solicitation or contract pursuant to Public Contract Code section 2203(c) or (d). 

  To comply with this requirement, please select one of the options below. Please note: California law establishes penalties for providing false certifications, including civil penalties equal to the greater of $250,000 or twice the amount of the contract for which the false certification was made; contract termination; and three-year ineligibility to bid on contracts. (Public Contract Code section 2205.)
  
  OPTION #1 - CERTIFICATION
  I certify I am duly authorized to execute this certification on behalf of the vendor/financial institution, and the vendor/financial institution is not on the current list of persons engaged in investment activities in Iran created by DGS and is not a financial institution extending twenty millon dollars ($20,000,000) or more in credit to another person/vendor, for 45 days or more, if that other person/vendor will use the credit to provide goods or services in the energy sector in Iran and is identified on the current list of persons engaged in investment activities in Iran created by DGS.

  OPTION #2 - EXEMPTION
  Pursuant to Public Contract Code sections 2203(c) and (d), a public entity may permit a vendor/financial institution engaged in investment activities in Iran, on a case-by-case basis, to be eligible for, or to bid on, submit a proposal for, or enters into or renews, a contract for goods and services. If you have obtained an exemption from the certification requirement under the Iran Contracting Act, please select "EXEMPTION" below, and attach documentation demonstrating the exemption approval with your electronic submission. 

• SAM.gov Unique Entity ID (UEI) (required) —

  Provide your SAM.gov Unique Entity ID (UEI). If your firm does not have a UEI, go to: https://sam.gov/content/entity-registration to obtain one.

• Proposal (Without Cost Proposal) (required) —

  Upload your proposal here. Upload fee proposal separately in the next step.

• Separate Cost Proposal (required) —

  Upload your fee proposal. Confirm that your fee proposal is not attached in your proposal and is attached separately here.

• Provide the full contact name, title, and e-mail of the signatory for your firm. Provide contact information for the contract manager for your firm in order to distribute contract documents, including other recipients requiring a copy, if awarded. (required) —

  Signatory: name, title, email

  Contract manager/admin: name, phone, email

• What type of solicitation is this? (required)
• If you have selected RFP or RFQual, would you like the evaluation scoring criteria to be made public? (required)
• Electronic Pricing Table (required) —

  Would you like to have bidders respond to an electronic pricing table?

  Choose this if:

  1. This is a quote for a finite set of goods or commodities
  2. This is a public works bid, but you want the bidder to list their total project cost here.
  3. Seeking services for hourly rate schedules
• Will federal funds be used for this agreement? (required)
• Will this agreement exceed $1,000,000.00? (required) —

  If "yes" proposers will be required to complete the Iran Contracting Act Certification. 

• AB 339 Compliance (required) —

  If this is a solicitation for services within the scope of work of County job classifications, was a 45 day notice provided to the union? Or did County Counsel determine these services are exempt under Gov Code section 3504.1?