The State Board of Administration (SBA) announces an Invitation to Negotiate (ITN) to receive responses from any firm interested in being considered for financial education and advice for participants in the FRS Pension Plan (defined benefit) and the FRS Investment Plan (defined contribution). The current financial education and advice programs are complex and include significant participation from its almost 700,000 active retirement system members. Services will include, but not be limited to, on-line investment advice; telephone retirement and financial counseling; one-on-one, in-person retirement and financial counseling; creation of participant statements; financial education workshops and seminars; and preparing on-line applications. It is not necessary for your firm to supply all of these services; the ITN will allow you to indicate the services for which you would like to be considered.
The ITN will be released on October 26, 2007, and can be found online at www.sbafla.com under the Jobs & Vendors tab and then clicking on the Vendors tab. Responses to the ITN will be due on November 16, 2007.
The two meetings announced below are both public meetings.
The SBAs Evaluation Team will meet on Wednesday, December 12, 2007, to score and rank the responses. This meeting will be held in the Hermitage Room, The Hermitage Centre, 1801 Hermitage Blvd., Tallahassee, Florida, from 9:00 a.m. until 12:00 Noon.
The SBAs Evaluation Team will meet on Thursday, January 3, 2008, to make final recommendations. This meeting will also be held in the Hermitage Room, The Hermitage Centre,
The contracts are expected to become effective on July 1, 2008.
