Fiduciary Counsel Legal Services RFP
Access the full RFP and submission process here:
Los Angeles County Employees Retirement Association
Request for Proposals for Fiduciary Counsel Legal Services
LACERA seeks to hire outside counsel to provide independent legal advice and services
related to the full range of issues of fiduciary duties concerning LACERA’s operations and
governance, including duties arising in connection with the interpretation and application of
relevant provisions of the California Constitution, CERL, PEPRA, the Brown Act, the Public
Records Act, Political Reform Act, and other applicable law. Working as appropriate in
coordination with the Boards, Board Chairs, and LACERA’s Legal, Internal Audit, and Ethics
and Compliance Divisions and other staff, the responsibilities of fiduciary counsel will include
the following:
A. Provide oral and written legal advice to the Board of Retirement, Board of Investments,
and/or staff regarding fiduciary duties.
B. Analyze and evaluate fiduciary matters facing the organization and its Boards.
C. Keep the Boards and staff up to date on the laws, legal developments regarding
fiduciary duties and emerging pension risks and trends and provide training, including
a minimum of 4 training presentations per calendar year for the Boards.
D. Assist in other fiduciary matters, including litigation, as requested.
