Authorize the current Executive Director to publish a Request for Proposal (“RFP”) for an Executive Search Firm to assist The Retirement Board of the Policemen’s Annuity and Benefit Fund of Chicago Trustees in the placement of a new Executive Director.


The current Executive Director will be leaving the position effective December 1, 2012. The Comptroller has been approved to serve in an Acting Executive Director role effective December 1, 2012 until such time as the Board of Trustees has chosen an effective date of hire of a new Executive Director. The Comptroller and Assistant Comptroller report to the Executive Director and may be considered search candidates


The RFP, issued October 11, 2012, will require responses by 4 p.m. CST October 26, 2012 close of business. Responding firms must submit 12 hard copy responses in a presentation type format, along with an electronic copy of said presentation, for the trustees to review at their Regular Board Meeting to be held October 30, 2012. Once all submissions have been reviewed by staff and the Board of Trustees, the Trustees will select no less than 3 and no more than 5 firms to come before it at the Regular Board Meeting to be held on November 29, 2012. Responders must provide clear pricing points for the Board to consider and the Board will be open to a full service executive search process as well as pricing options for the Board to consider a more limited scope in this project

Professional Advisors

Legal Advisor

  • Justin B. Kugler

Medical Advisor

  • Peter Orris, M.D.

Investment Consultant

Consulting Actuary


Master Custodian

Commercial Bank

Active Search

Delivery Instructions

John J. Gallagher, Jr. Executive Director P.A.B.F. of Chicago
221 N. LaSalle - Suite 1626
Chicago, IL. 60601
Ph 312-744-3891

RFP Submission


  • Pending

RFP Documents


RFP Disclaimers

PABFProposals become the property of the Fund and these and any late submissions will not be returned. Your Proposal will be open to the public under the Illinois Freedom of Information Act (FOIA) (5 ILCS 140) and other applicable laws and rules, unless you request in your Proposal that we treat certain information as exempt. We will not honor requests to exempt an entire Proposal. You must show the specific grounds in FOIA or another law or rule that support exempt treatment. Regardless, we will disclose the successful Bidder’s name, and the substance of the Proposal. If you request exempt treatment, you must submit an additional copy of the Proposal with exempt information deleted. This copy must tell the general nature of the material removed and shall retain as much of the Proposal as possible. You will be responsible for any costs or damages associated with our defending your request for exempt treatment. You agree the Fund may copy the Proposal to facilitate evaluation, or to respond to requests for public records. You warrant that such copying will not violate the rights of any third party.

Non-Discrimination: No decisions regarding Bidders will be influenced by race, sex, color, religion, national origin, age, disability, veteran status, marital status, or any other unlawful basis.


Exceptions: (i) sole source procurements, (ii) emergency procurements, and (iii) at the discretion of the pension fund, retirement system, or board of investment, contracts that are nonrenewable and one year or less in duration, so long as the contract has a value of less than $20,000.