Skip to main content
Qipu

Custody and financial services

THE BANK OF NEW YORK MELLON · RET Retirement System

The Retirement System pays a bank for financial services on the pension fund — the custodian role that holds assets and settles trades. San Francisco agreed $50.0M with THE BANK OF NEW YORK MELLON for contract 1000007858 (RET Retirement System); $24.4M has been paid on it so far. Source: SF Controller supplier contracts (open data), data as of 13 July 2026.

In plain English

The Retirement System pays a bank for financial services on the pension fund — the custodian role that holds assets and settles trades.

Signed by Retirement System

Agreed
$50.0M
Paid
$24.4M
49% of agreed
Remaining (calculated)
$25.6M
The money
Paid against the agreed amount
Payments per fiscal year
181920212223242526
Largest year: $4.0M · dashed = fiscal year not closed yet

These bars total $25.3M; the figure above is $24.4M. The first comes from the City’s payment ledger, the second from the contract register’s own paid column. They match on ordinary contracts and drift apart on multi-phase projects, where the work runs through several purchase orders and the ledger counts all of them.

Payment detail begins FY2018
The deal
Contract term
July 1, 2017June 30, 2027
Term running
Recorded purchasing authority
Purchasing authority, verbatim
No purchasing authority in legacy system

See every contract awarded under Legacy system (no authority recorded) →

Sources
This contract in the source
Raw rows (JSON, data.sfgov.org)