Requests For Proposals
Third-Party Administrator Services for Health Insurance Premium Reimbursement (HIPR) Program
Proposal Due Date: July 2, 2021 at 4:00 PM PST
The City of Los Angeles Department of Fire and Police Pensions (LAFPP) is seeking information from third-party administrator firms that specialize in flexible spending account administration services, in order to determine whether to proceed and issue a formal Request for Proposal (RFP) for such services.
There are currently about 310 retirees who participate in the LAFPP Health Insurance Premium Reimbursement (HIPR) Program. The HIPR program is available to all pensioners and qualified surviving spouses/domestic partners who meet LAFPP health insurance eligibility requirements and are not enrolled in an LAFPP Board-approved health plan. Currently, members enrolled in HIPR receive quarterly reimbursement of their Health Insurance premiums up to their individual subsidy eligibility.
LAFPP is seeking information on the services of an established third-party administrator to administer the HIPR program for our small group of retirees. LAFPP is researching the possibility of increasing the frequency of HIPR reimbursement from quarterly to monthly and finding a firm that can administer the HIPR program within existing constraints of the existing retiree health subsidy program.
This RFI has been prepared to assist LAFPP in fully understanding all the services provided by firms that perform third-party administration of health insurance premium reimbursement or similar type of reimbursement programs. With this gained knowledge, LAFPP will be better able to determine if issuing a formal RFP should be pursued in the future. No contract will be awarded as a result of this RFI process.
RFI - Third-Party Administrator Services for Health Insurance Premium Reimbursement (HIPR) Program
Private Credit Investment Management Services
Proposal Due Date: May 7, 2021 at 4:00 PM PST
The Los Angeles Fire and Police Pension Plan (LAFPP) is a defined benefit public pension plan serving approximately 26,000 active and retired Plan members and beneficiaries. The Plan is directed by the nine-member Board of Fire and Police Pension Commissioners and is administered by the City of Los Angeles Department of Fire and Police Pensions.
The Plan’s assets are managed externally by investment management firms and consultants under contract to the Board and monitored by in-house Investment Staff. The current total value of the pension fund is approximately $28 billion.
The Board desires to retain a consultant/advisor to manage the Plan’s newly created private credit portfolio of commingled private credit funds. The Board has adopted a 2% target allocation to the asset class with 60% going into private credit funds and 40% to levered bank loans that fall outside the scope of this mandate. The portfolio will start with $300 million in commitments and may increase in the future.
Firms meeting the listed minimum criteria in the Request for Proposal (RFP) are invited to return a completed RFP Questionnaire and supporting documents.
RFP and Questionnaire - Private Credit
If you would like the Word document for the RFP Questionnaire (RFP pages 5-12), please submit a request to Susan Liem (susan.liem@lafpp.com) and Adam Perez (adam.perez@lafpp.com).
Below are the Excel documents for the LAFPP Private Credit RFP Responses ( RFP page 14) and Private Credit Performance Data (RFP pages 15-16).
Resources
Review the Business Assistance Virtual Network (BAVN) site for more information on doing business with the City of Los Angeles
Review the Contractor Disclosure Policy and Schedule
2020-21 Contractor Disclosure Filing Schedule
Contract Disclosure – Reporting Form
Contractor Disclosure Reporting Form
Review the Standard Provisions for City Contracts