Pension – City of Madison

Police Officers’ and Firefighters’ Retirement System – Board of Trustees
Request for Proposals – Investment Consulting Services

The City of Madison Police Officer’s & Firefighters’ Retirement System (the “Plan”) is a governmental defined benefit plan with total assets of $7.07 Million. There are 21 active
members in the Plan.

The Board of Trustees consist of five (5) members: One police officer, elected by active police members of the Plan; one firefighter, elected by active firefighter members of the
Plan; two City residents, appointed by the City; and one member chosen by the other four members. The Board is a governmental entity subject to both the Public Records
and Sunshine Laws.

Proposals for Investment Consulting Services will be received by the Board of Trustees for the City of Madison Police Officer’s & Firefighters’ Retirement System at the office of the City Clerk, 321 SW Rutledge Street, Madison, FL 32340 until September 1, 2025.

The Board is soliciting Requests for Proposal (RFP) from investment consulting firms to provide general investment advice and counsel regarding the Police Officers’ & Firefighters’ Retirement System Trust funds.

Any proposal received after 2:00 p.m. on September 1, 2025 whether by mail or otherwise, will be returned unopened. Proposers are responsible for ensuring that their proposal is marked by the Clerk’s office personnel by the deadline indicated. An original and five (5) copies of the proposal shall be submitted in a sealed envelope/package addressed to Lee Anne Hall, City Clerk, City of Madison and clearly marked “RFP No. 2025-0901 – Investment Consulting Services”.

Download Full Request for Proposals – Investment Consulting Services

The City of Madison has established and maintains two Pension Plans for its employees. The Police Department Pension Fund and The Fire Department Pension Fund . We have developed pages for each fund which will contain. Please click the links below to access each Pension Fund Page.

We are dedicated to a high level of customer satisfaction and understanding of retirement benefits. We welcome suggestions on improvements to our services or additions to this website.

Pension Documents