Utopia Retirement System

Scope of Legal Services

Scope of Services:

Utopia Retirement Plan (“URS”) is seeking proposals from qualified law firms to provide general legal services for its pension system. The services requested are checked below:

n Advising the URS Retirement Board (“Board”) on compliance with all applicable federal including all qualification issues affecting employee benefits plan design under the Internal Revenue Code.

n Advising the Board concerning drafting and compliance of plan documents, including state laws, rules, administrative policies, and procedures of the different plans administered by the Board.

n Providing specific, written recommendations on amendments to statues, policies, and procedures to ensure the plans are in full compliance with the Internal Revenue Code qualification criteria and constitutional law.

n Preparing and filing plan documents for IRS qualification.

n Negotiating and drafting investment contracts, including contracts for alternative investments (e.g., private equity, real estate investments trusts and other alternative investment vehicles).

n Providing advice, review and drafting services concerning legal documents necessary to consummate investment transactions.

n Providing advice, review and drafting services relating to benefits administration and investment of fund assets.

n Providing sophisticated legal advice on federal tax and, as necessary, international tax matters.

n Presenting legal opinions concerning benefits and investment transactions including obtaining necessary opinions, letter rulings, and other documents from the Internal Revenue Service or other state or federal regulatory or governing bodies as requested by the Plan’s Executive Director or its General Counsel.

n Assisting in a variety of corporate governance matters, including legal research, analysis, advice, and counsel with respect to corporate and securities laws in connection with corporate governance initiatives.

n Providing legal opinions on fiduciary duties.

n Assisting in the communication of concerns involving pension fund issues to trustees, staff, consultants, advisors and other parties, including testifying before or responding to elected or appointed officials in the legislative and executive branches of the government.

n Attending board meetings at the request of the Plan’s Executive Director or its General Counsel.

n Representing the Board in complex litigation regarding plan issues.