2.1.1 The Maryland State Retirement Agency (SRA or the "Agency") is issuing this Request for Proposals (RFP) to obtain board compensation consulting and executive search services as further described in this RFP. A. The Board compensation consultant will work with the Executive Director to (1) develop and make recommendations to the Board of Trustees for the Maryland State Retirement and Pension System (“Board”) to assist the Board in establishing a salary scale and determining the qualifications and compensation for the Chief Investment Officer and all other positions within the Investment Division of the Agency based upon the objective criteria adopted by the Board; (2) review the existing organizational structure and classification system of the Investment Division and make recommendations for improvements to meet the objectives of the Board; and (3) conduct comprehensive compensation studies for the Agency. B. The Agency also desires to obtain a single qualified executive search firm to locate, interview, and assist in presenting candidates to serve in senior executive roles of the Agency, including but not limited to senior roles in the Investment Division of the Agency, such as the Chief Investment Officer (CIO), Deputy Chief Investment Officer (DCIO), Managing Directors, Senior Governance Officer, and other senior staff. The firm may also be asked to conduct a search for a Director of Diversity, Equity, and Inclusion for the Agency. 2.1.2 It is the State’s intention to obtain goods and services, as specified in this RFP, from a Contract between the selected Offeror(s) and the State. 2.1.3 As a result of this RFP, the Agency intends to make either a single award for board compensation consulting and executive search services, or two separate awards---one for board compensation consulting, and the other for executive search services. 2.1.4 An Offeror proposing to provide board compensation consulting services must meet all of the requirements applicable to that service requested in the solicitation. 2.1.5 An Offeror proposing to provide executive search services must meet all of the requirements applicable to that service requested in the solicitation. 2.1.6 A Contract award does not ensure a Contractor will receive all, or any, State business under the Contract.
