Technology Pension Consultant (RIO only)

The North Dakota Technology Pension Consultant state-wide contract (Contract #909) is a specialized professional services vehicle designed to support the Retirement and Investment Office (RIO) in replacing the Teachers' Fund for Retirement (TFFR) Pension Administration System (PAS). The contract's primary scope involves comprehensive technology consulting services, including reviewing existing business processes, developing a replacement system Request for Proposal (RFP), providing technical guidance during system replacement, and supporting implementation of a new pension administration system. The consultant will assist with critical project stages such as project initiation, planning, testing, governance, and close-out activities, ensuring a comprehensive approach to system modernization.

The contract is awarded to The Segal Company (Midwest), Inc. and is administered by the North Dakota Retirement and Investment Office, with collaboration from the North Dakota Information Technology Department. Originally commenced on October 1, 2020, the contract has been extended multiple times through amendments, with the current performance period running through August 31, 2025. The total contract value has increased from an initial $463,075 to $1,428,075 following subsequent amendments. The vehicle covers the entire state of North Dakota and is structured as a professional services contract with specific project-based deliverables and monthly invoicing. After this amendment, the contract has exhausted its renewal options, with no further extensions available beyond the current end date.