Firms/Individuals interested in contracting with LACERS must comply with applicable City and LACERS policies. These policies include:
Requirements During the Competitive Proposal Process
- Marketing Cessation Policy – This policy prohibits direct marketing to members of the Board or LACERS staff by potential candidates of contract awards during the competitive bid process.
- Third-Party Marketing Compliance Policy – This policy requires disclosure of the identity of the third-party marketers and/or individuals by whom a firm is referred to LACERS, in order for a firm’s investment proposal to remain under consideration. Firms will be required to indicate those third-party marketers and/or referring individuals that stand to receive fees or other considerations in the event that a contract with LACERS is eventually secured.
- City Lobby Law – Any individual who directly communicates with a City official for the purpose of influencing “municipal legislation” (as defined in the ordinance) and who is compensated to spend 30 or more hours in any consecutive three-month period engaged in lobbying activities must register as a lobbyist with the City Ethics Commission.
Requirements upon Contracting with LACERS
- Investment Policies (Investment-related contracts) – All Investment service providers must comply with LACERS General Investment Policies.
- City Standard Provisions for City Contracts (Non-investment contracts) – The provisions contained within the document are required with every City contract.