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Retirement System

Investment management for the City employees' pension fund

Original title: “Investment Management Services”

$5.6M
paid on this contract in FY2024
$50.1M paid so far, of $200.0M agreed · runs to June 2033
June 28, 2018June 30, 2033
running

Paid to

Generation Investment Management US LLPprime contractor$50.1M

Paid from, FY2024

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%$5.6M

Paid year by year, FY2019–FY2024

$2.5M in FY2019 · $18.8M in FY2022 (the highest) · $5.6M in FY2024

Click a year to see its amount.

Type and award

Contract type: Rents and other non-purchase agreements

Award: No purchasing authority in legacy system

Next contract in this departmentInvestment management for the City employees' pension fund3rd of 56 active contracts in this department by amount agreed$75.0M

Contract 1000011039 · Source: Supplier Contracts · every payment on this contract