The Employee Retirement System of Texas (ERS) is seeking information about end-to-end software solutions for use in calculating the agency’s annual incentive compensation plans.
The RFI is included in a request for proposals seeking a firm to validate annual incentive compensation.
According to the state auditor, ERS awards the incentive compensation based on “qualitative and quantitative performance goals.” A portion is based on trust fund performance, and 79 employees received $6.2 million in 2021.
The RFI is included with RFP posting No. 23-12735-001, available at the Texas SmartBuy website. However, ERS opportunities are posted in full at its BonFire Hub, and responders should be registered there. RFI responses will be used to inform a potential solicitation, but there is no guarantee.
The deadline is 10 a.m. Aug. 20, and the contact person is Britt Prewitt.
ERS manages benefits for more than 115,000 retirees and health-care benefits for 538,000 active employees, retirees and dependents, according to the system's 2024-25 legislative appropriations request.
Employee Retirement System Considers Compensation Software
The agency manages benefits for more than half a million Texas employees and would like information on end-to-end software for its own bonus plan.
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