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.
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
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.
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