External Fiduciary Counsel Services

The Illinois-based government authority is seeking external fiduciary counsel services to guide its Board of Trustees and staff. The agency needs legal advice on fiduciary duties, fiduciary liability, and public pension board governance. Additionally, the selected counsel must address various legal issues, including potential conflicts of interest, administrative law, and the interpretation of relevant state and federal statutes. The scope of work requires the counsel to attend in-person quarterly meetings and special meetings of the Board of Trustees and Board Committees. The agency also requires a partner with knowledge of the legislative process to assist in responding to proposed legislation affecting members and annuitants. While meetings require in-person attendance, the agency permits the general performance of the work to occur offsite. Eligibility is limited to onshore organizations based in the United States. Bidders must submit any questions regarding this opportunity no later than July 10, 2026. The agency is requesting budget proposals for a contract period that will run for two years. Bidders may submit their responses digitally via email or through the online portal.