Board's Primary Executive and Investment Compensation Consultant

The California Public Employees' Retirement System (CalPERS) is seeking an external contractor to serve as the Board's Primary Executive and Investment Compensation Consultant through a Request for Proposal (RFP) issued on May 16, 2025, with proposals due by June 30, 2025. This procurement seeks a specialized consulting service to provide comprehensive advisory support for executive and investment compensation strategies. The selected consultant will be responsible for delivering detailed compensation analyses, benchmarking reports, and strategic recommendations to support the Board's decision-making processes. Key objectives include providing expert guidance on competitive compensation structures, market alignment, and performance-based compensation frameworks for executive and investment personnel. Potential respondents should demonstrate extensive expertise in executive compensation consulting, with proven experience in public sector retirement systems, strong analytical capabilities, and a deep understanding of complex compensation methodologies. Interested parties must download solicitation documents from the CalPERS website's Available Business Opportunities section and can direct questions to the CalPERS Contracts Admin mailbox at ossd_contractsadmin@calpers.ca.gov.

While specific set-aside designations or disadvantaged enterprise requirements are not explicitly detailed in the provided documentation, the RFP appears to be an open competitive procurement accessible to qualified consulting firms with specialized expertise in executive compensation. The scope suggests a potentially significant engagement, though specific budget ranges or award values are not disclosed in the current information. Potential respondents should anticipate a comprehensive evaluation process that likely considers factors such as technical expertise, past performance, depth of compensation consulting experience, and ability to provide strategic insights tailored to CalPERS' unique organizational context. The contract appears designed to secure a high-caliber consulting partner capable of providing sophisticated compensation advisory services to support the Board's strategic human capital objectives. Interested firms should carefully review all solicitation documents and prepare comprehensive proposals that demonstrate their capabilities in executive and investment compensation consulting.