Qipu
Contracts

Retirement System

Master custody account for the Retirement System

Original title: “RET: MASTER CUSTODY ACCOUNT”

$39,325
paid on this contract in FY2026
$81,223 paid so far, of $400,000 agreed · runs to June 2030
July 1, 2025June 30, 2030
running

Paid to

The Northern Trust Companyprime contractor$81,223

Paid from, FY2026

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%$39,325

Type and award

Contract type: Rents and other non-purchase agreements

Award: No purchasing authority in legacy system

Next contract in this departmentOffice design consulting for the Retirement System37th of 56 active contracts in this department by amount agreed$377,836

Contract 1000036503 · Source: Supplier Contracts · every payment on this contract

See also

Other contracts of The Northern Trust Company

Grantor trust agreement for the Retirement SystemRetirement System · $1.0M agreed

Same department, same kind of contract

Investment management for the City employees' pension fundArrowstreet Capital LP · $300.0M agreed

Overview

Payments to The Northern Trust CompanyBy year and by paying departmentRetirement System: every active contractIts contracts and suppliersRents and other non-purchase agreements: every contract of this typeEvery contract of this type on the register