SAM #16PBGC26Q0045

PBGC actuarial closeout support for three Complexity Level IV pension plans

PBGC seeks actuarial support to close out three Complexity Level IV pension plans. - Government buyer: Pension Benefit Guaranty Corporation (PBGC), Office of Operations; Procurement Department and Office of Operations/Actuarial Services and Technology Departments (ASTD). The solicitation identifies Monique Anthony. - Plans and scale: McClatchy Company Retirement Plan (case 23741500; 23,300 participants); Sears Holdings Pension Plan 1 (case 23148400; 29,538 participants); and Sears Holdings Pension Plan 2 (case 23148500; estimated 61,650 participants). - Services requested: Actuarial support for benefit and retirement statements (BSRS), actuarial case reports (ACR), post-valuation assistance, IT security support, and program management. The amendment also describes the requirement as closeout services. - Plan-specific work: Post-valuation benefit determination assistance for the McClatchy and Sears Plan 1 cases; resolution of Government review questions, comments, or errors for the Sears Plan 2 ACR. - Schedule: Monthly fixed-price services for each plan, with a 12-month base period and a six-month extension option for each. Prices are not provided in the available summaries. - Notable requirements: The expected turnaround for the McClatchy and Sears Plan 1 assignments is 7–30 business days, depending on assignment complexity. Sears Plan 2 ACR review issues are to be addressed within 15 business days or another mutually agreed period. The notice identifies the procurement as sole source and confirms an incumbent, but does not name the incumbent. - OEMs and vendors: No OEMs, vendors, or incumbent company are identified by name. The named plan sponsors are not identified as vendors.

Description

The purpose of this requirement is to procure actuarial support services for three (3) Complexity Level IV Pension Plans.

As described in the previously published Special Notice of the same title, due to the context and nature of work, this is a:

Sole Source Combined Synopsis/Solicitation. 

In performance of this contract, the contractor shall provide actuarial expertise to ensure timely and accurate completion of tasks associated with the valuation of termination benefits under Title IV of ERISA of 1974 for the three (3) Complexity Level IV Pension Plans identified in the Statement of Work. 

The Tasks performed under the Statement of Work (SOW) are:

Task 1 - Benefit Statements and Retirement Statements (BSRS) Task 2 - Actuarial Case Reports (ACR) Task 3 - Post-Valuation Support Task 4 - Information Technology Program Task 5 – Program Management

Please see attachments to this contract opportunity for further detail. 

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