Qipu
Contracts

Retirement System

Custody and financial services for the pension fund

Original title: “Financial Services-BNY Mellon”

$4.0M
paid on this contract in FY2025
$25.3M paid so far, of $50.0M agreed · runs to June 2027
July 1, 2017June 30, 2027
running

Paid to

Bank of New York Mellonprime contractor$25.3M

Paid from, FY2025

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. The fund does not say where the money first came from.

Pension and employee benefit trust fund · operating100%$4.0M

Paid year by year, FY2018–FY2026

$1.2M in FY2018 · $4.0M in FY2025 (the highest) · $3.3M in FY2026

Click a year to see its amount.

Type and award

Contract type: Purchases without contracting-office approval

Award: No purchasing authority in legacy system

Next contract in this departmentInvestment management for the City employees' pension fund6th of 56 active contracts in this department by amount agreed$45.0M

Contract 1000007858 · Source: Supplier Contracts · every payment on this contract

See also

Same department, same kind of contract

Investment management for the City employees' pension fundSands Capital Management LLC · $31.0M agreedPrivate equity advice for the pension fundCambridge Associates LLC · $21.8M agreed

Overview

Payments to The Bank of New York MellonBy year and by paying departmentRetirement System: every active contractIts contracts and suppliersPurchases without contracting-office approval: every contract of this typeEvery contract of this type on the register