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OPPORTUNITIES


Executive Search Services: Chief Executive Officer

The Los Angeles County Employees Retirement Association (LACERA) is seeking proposals from Executive Search Firms, with substantial and relevant experience in the Investment Management Industry, including Public and Private Pension Systems, in the recruitment and selection of our next Chief Executive Officer (CEO).

The Chief Executive Officer reports to both Boards and is responsible for the strategic direction, planning and leadership of LACERA. The position manages an annual administrative budget of $83.55 million and a non-administrative budget of $122 million, and oversees the System within the framework established by the State Constitution and State laws, and in compliance with the policies, rules, and regulations adopted by the Boards.

As advisor to the Boards, the CEO makes recommendations on all matters pertaining to LACERA, assures Board orders and requests are implemented, and cooperates with and acts as liaison between the Boards, the Staff, Member Organizations, Employers, Government Departments and Agencies, the Legislature, and the Public.

PROPOSED TIMELINE

The goal of LACERA is to have a Chief Executive Officer in place by July 2, 2018. In addition to the executive search process, LACERA must complete a hiring/background process before an individual may begin employment. The hiring/background process can take up to three (3) weeks to complete; therefore, it is our objective that the executive search be completed by June 11, 2018.

Below is an anticipated timeline for selection of a Search Partner and execution of a contract under this RFP.

RFP Issue Date: December 13, 2017
Deadline for Submission of RFP Questions by Search Firms December 27, 2017
LACERA response to Submitted Questions from Search Firms January 5, 2018
Deadline for Proposals from Executive Search Firms January 19, 2018
Review of Proposals and Short-Listing of Firms February 5, 2018
Interview Short-Listed Firms and Final Selection February 15, 2018
Approval by Joint Organizational Governance Committee February 15, 2018

RFP QUESTIONS AND ANSWERS

Any questions regarding this RFP shall be directed to John Nogales, Director of Human Resources by letter or email:

Los Angeles County Employees Retirement Association
300 North Lake Avenue, Suite 630
Pasadena CA 91101
Email Address:jnogales@lacera.com

Questions will be accepted up to 5:00 P.M. on December 27, 2017. All questions received will be compiled and disseminated to all responding participants at least three (3) days before the RFP submission deadline. Questions and answers will be posted on www.lacera.com in the RFP section under "Executive Search Services" by January 5, 2018. No questions will be answered by telephone.

DELIVERY OF PROPOSAL

Please deliver five (5) hard copies of your proposal no later than 5:00 PM, January 19, 2018, to:
John Nogales
Director of Human Resources
Los Angeles County Employees Retirement Association
300 N. Lake Avenue, Suite 630
Pasadena, CA 91101

By submitting a proposal, the Proposer represents that it has thoroughly examined and has become familiar with the requested services and the contents of this Request for Proposal ("RFP") and that it is capable of performing quality services to achieve LACERA's objectives. The Proposer is responsible for requesting clarification of any deficiency, ambiguity, error or omission contained in this RFP, or any provision in this RFP that the Proposer fails to understand. Any communication regarding this RFP must be submitted by email or hardcopy.

The information submitted in response to this RFP becomes the exclusive property of LACERA. LACERA will not return your proposal or reimburse you for any proposal preparation expenses.

RFP

RFP: Executive Search Services — Chief Executive Officer

Responses to Questions