Illinois TRS Gets “Bold” About Bribery

Last month, the Teachers’ Retirement System of Illinois issued an RFP to handle legal work related to the system’s private market investments. Like other Illinois TRS requests for proposal, it included the following line:

Any attempt by a proposer to initiate contact with TRS staff or TRS Trustees, other than as specifically provided in this RFP, may disqualify the proposer from further consideration.

Unlike other system RFPs, however, this request put the warning in bold (see bottom of page 8). Seems to be something Illinois TRS believes the private markets need made particularly clear…