Buyer: North Carolina Department of the Treasurer

North Carolina Department of the Treasurer

General Description

Scope OF Work

The Retirement Systems Division (RSD) of the North Carolina Department of State Treasurer administers the North Carolina Retirement Systems (NCRS) and the North Carolina Supplemental Retirement Plans (SRP) for state and local governmental employees in the State of North Carolina.

NCRS includes the Teachers’ and State Employees’ Retirement System (TSERS), the Local Governmental Employees’ Retirement System (LGERS), and other defined benefit plans.

SRP consists of the Supplemental Retirement Income Plan of North Carolina (NC 401(k) Plan) and the North Carolina Public Employee Deferred Compensation Plan (NC 457 Plan).

The Department uses outside counsel for specialized legal advice and representation for NCRS and SRP, including fiduciary and tax matters and representation at the U.S. Internal Revenue Service (IRS).

The Retirement Systems Division and the Supplemental Retirement Plan Division are seeking a Vendor(s) with niche subject matter expertise in IRS law and Employee Retirement Income Security Act (ERISA) knowledge to enhance the Department of State Treasurer’s fiduciary duty to remain a qualified retirement plan in alignment with the federal tax code.

Awarded Vendor(s) will offer analysis and guidance on taxrelated issues that relate to retirement plans offered to North Carolina state government employees.

The intent of this solicitation is to award an Agency Contract to one or more potential Vendors.

Scope of Work / Product List

No Description Found.

Download Attachments

RFP 07 2024001 External Legal Counsel Services.pdf