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The Northern Trust Company

Between 2007 and 2026, the City and County of San Francisco paid $1.0B to The Northern Trust Company, mostly through RET Retirement System, with 2 contracts on file. Source: SF Controller vendor payments (open data), data as of 13 July 2026.

Fiscal agent / debt service2 active contracts
$1.0B
paid by San Francisco, 2007–2026
Departments
3
Categories
9
Payments
389
Period
2007–2026

What the City pays them for

The City’s own accounting categories, FY2018 on. Hatched bars are money out, but not a purchase.

RetHlthContrib sent to trusteenot a purchase$932.0MPropositionB RetHlthCarePretaxbalance-sheet line$45.4MFrnge-PropBRetHlthCare-CtyShrebalance-sheet line$21.1MProp C Ret Health Care Pretaxbalance-sheet line$13.8MFrnge-PropCRetHlthCare-CtyShrebalance-sheet line$13.8M

9 categories in all.

In FY2025

$142.5M, in the last year with closed books.

RET Retirement SystemRetHlthContrib sent to trustee$142.3MRET Retirement SystemInvestment Services$275,261

Paid by year

'07
'09
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
'24
'25
'26·

Hatched: FY2026 is not closed yet — the bar shows payments recorded so far, not a full year.

Tallest bar — FY2025: $142.5M. Bars are scaled to this payee’s own peak year.

Who pays them

3 departments, 99.1% of it from RET Retirement System.

RET Retirement System362 vouchers$1.0BCCD SF Communtiy College Dist6 vouchers$4.9MGEN General City - Unallocated21 vouchers$4.5M

Active contracts (2)

Source: SF Controller — Vendor Payments (Vouchers) & Supplier Contracts, name-normalized. Departments and categories are the City's own coding; sorting them into purchases and non-purchases (debt service, benefit plans, tax withholding, payments to other governments, balance-sheet lines) is ours. The file records a fiscal year, never a payment date.

See also

Other payees of its main paying department, and where its payments are classified.

Bank of New York MellonSame main paying department, RET Retirement System$6.8BVoya Institutional Plan Services LLCSame main paying department, RET Retirement System$1.8BPrudential Investment Management IncSame main paying department, RET Retirement System$398.4MSpending category: RetHlthContrib sent to trusteeIts main category of payments, and who else the City pays in itRET Retirement System: every active contractWhat the department buys, and from whomWho gets paid by San FranciscoEvery vendor payment, by category and department