Government Contract | Hawaii
Banking Services

Bid Information

Bid Alert No: 00000591792

Bid Title: Banking Services

Agency Bid No. Title: Not Stated

Received Date: 06/06/2016

Close Date: 06/23/2016

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 06/09/2016


Specifications include, but are not limited to:We deposit and disburse over $2.3 billion annually through our demand accounts. The majority of which is to finance the issuance of pensions. Monthly expenditures are in excess of $100 million to over 46,000 retirees and beneficiaries. Our operations are expected to require the following demand accounts: Consolidated in account analysis: 1.Operations Account 2.Pension Receipts Account 3.Pension Disbursements Account The ERS Operations Account is used for deposit, investment, disbursement and money transfer activities. The Pension Receipts Account is used for deposits and money transfer activities only. The Pension Disbursements Account is used to disburse pension payments, refunds to members, and tax payments to the federal government Additional demand accounts may be requested in the future dependent upon operational need. A money market or Investment (STIF) account may be requested dependent upon the interest rate environment and need to invest excess short-term funds in order to earn a higher interest rate than the demand deposit accounts. SCOPE OF WORK: EUTF The EUTF deposits and disburses approximately $1 billion annually. The majority of the monthly disbursements are approximately $86 million to carriers and approximately an additional $15.7 million quarterly (March, June, September, and December) or a total of $102.7 million for Medicare Part B reimbursement to retirees

Bid Related Documents

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Product Code: 94625

Agency Information

Issuing Agency: State of Hawaii - Department of Budget and Finance

State: Hawaii

Agency Type: State and Local

Contact: Office of Housing and Community Development, 50 Wailuku Drive, Hilo, Hawaii, 96720



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