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This Government Contract opportunity from Department Of Labor was posted on February 1, 2022. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Actuarial Support Services - Next Generation Contract Award Notice - 16PBGC-22-C-0005

Awarded
16PBGC-22-C-0005Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 541612
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DEADLINE

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IFB#77-27-YE HUMAN RESOURCE MANAGEMENT EMPLOYEE CLIMATE ACTION PLAN
Solicitation # 77-27-YE
The City of Portsmouth, Virginia, issued solicitation IFB#77-27-YE to secure a qualified vendor for the Human Resource Management Employee Climate Action Plan. The selected vendor will be responsible for conducting employee climate surveys and providing structured, city-wide departmental action planning support to translate survey findings into measurable organizational improvement strategies. Additionally, the scope of work includes providing third-party workplace investigations for claims related to discrimination, sexual harassment, or workplace harassment. The contract features an initial performance period of two years from the date of award, with three optional one-year renewal periods. The award will be granted on a grand total basis to the lowest responsive and responsible bidder. Bidders must submit their proposals electronically via the eVA portal by November 23, 2026, and must include a bid bond, a W-9 form, and various certifications regarding socioeconomic status and conflict of interest. The contract is subject to the City of Portsmouth Procurement Ordinance and the Virginia Public Procurement Act, with specific requirements for record retention for five years and a standard 30-day payment term. Compliance with federal and state anti-discrimination laws, including the Americans with Disabilities Act and the Virginia Fair Employment Contracting Act, is mandatory.
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POSTED

1 day ago

DEADLINE

in 26 days

AI Contract Overview

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The Pension Benefit Guaranty Corporation awarded contract 16BGC-22-C-0005 to Deloitte Consulting, LLP on January 31, 2022, for the provision of Next Generation Actuarial Support Services. Valued at 44,198,136.10 dollars, the contract utilizes a hybrid structure of Firm Fixed Price and Time and Materials elements to accommodate the unpredictable complexity and volume of pension plans. The performance period consists of a twelve month base period followed by nine twelve month option periods, with work performed at the contractor site. The primary objective of this engagement is to provide specialized professional actuarial expertise to the Office of Benefits Administration, specifically supporting the Actuarial Services and Technology Department and the Plan Asset and Data Management Department. The contractor is responsible for ensuring the accurate and timely calculation and valuation of termination benefits for participants in trusteed plans in accordance with Title IV of ERISA and applicable PBGC regulations. This support is critical for the agency's mission to protect pension benefits and maintain the stability of the retirement plan system.

General Info

Contract Value

$11,809,627.59

NAICS

541612 - Human Resources Consulting Services

Place of Performance

DC, USA

Set-Aside

NONE

Documents

0

No documents available

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Uniform Contract Format

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Timeline

PhaseAwarded
Posted

Award Notice

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyDepartment Of Labor → Pension Benefit Guaranty Corporation
Contacts1 person available
OfficeWASHINGTON, DC, 20005, USA
Office AddressWASHINGTON, DC, 20005, USA
Contacts

Full Description

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Notice Type: Award Subject: Award of Actuarial Support Services Contract - Next Generation in response to Solicitation 16PBGC-21-R-0012 Contracting Office Address: Pension Benefit Guaranty Corporation (PBGC), Procurement Department, 1225 I Street NW, Suite 3333, Washington DC, 20005 Contracting Officer: Primary: Fiorela Kvalevog Contracting Officer, Procurement Department Email: contact@example.gov Secondary: Rudy Baldus Contracting Officer, Procurement Department Email: contact@example.gov Contract Number: 16BGC-22-C-0005 Contract Award Date: 1/31/2022 Contractor: Deloitte Consulting, LLP Award Price: $44,198,136.10 Place of Contract Performance: Contractor's Site NAICS Code: 541612: - Human Resource Consulting Services Product/Service Code: R499 - - Support Professional Description: The Pension Benefit Guaranty Corporation (PBGC) is a Government-owned Corporation, established under Title IV of the Employee Retirement Income Security Act (ERISA) of 1974, as amended. The mission of the PBGC is to operate as a service-oriented, professionally managed agency that protects participants' benefits and supports a healthy retirement plan/system by: i) encouraging the continuation and maintenance of private pension plans, ii) protecting pension benefits in ongoing plans, iii) providing timely payments of benefits in terminated pension plans, and iv) making the maximum use of resources and maintaining premiums and operating costs at the lowest level consistent with statutory responsibilities. The termination insurance program currently covers more than 29,000 defined benefit pension plans. Additional background information is available at http://www.pbgc.gov/about/about.html. The Office of Benefits Administration (OBA) within PBGC manages the termination process of defined benefit plans, provides participant services (including calculation and payment of benefits) for PBGC trusteed plans, provides actuarial support for PBGC, and carries out PBGC's responsibilities under settlement agreements The Actuarial Services Division (ASD) resides under the OBA's Actuarial Services and Technology Department (ASTD). ASD's mission is to provide actuarial expertise and support in the development, operation, and evaluation of PBGC insurance programs, and to calculate and value termination benefits under Title IV of ERISA. The completion of calculations and determination of the present value of future liabilities is an iterative process and depends on the type and quality of information available to PBGC at the time of trusteeship. The purpose of this contract is to provide highly qualified and specialized professional actuarial support services. These specialized professional actuarial support services are intended to support the PBGC's OBA and its departments/divisions with the accurate and timely calculation of benefits for participants in various PBGC trusteed plans. The support is primarily provided to the OBA's ASTD and its two (2) divisions, the Actuarial Services Division (ASD) and the Technology Risk Management Division (TRMD) and the two (2) branches that fall under these divisions: the Actuarial Case Processing Division (ACPD) and the Actuarial Integrated Present Value of Future Benefits Division (APVFB). Additionally, this support is provided to OBA's Plan Asset and Data Management Department (PADMD) and its one (1) division, Data Management Division (DMD), on Participant Data Review (PDRs). The Contractor(s) are expected to 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. The required services shall be provided in accordance with: Title IV of ERISA; applicable PBGC regulations, standards, settlements, policies, and procedures; and applicable OBA, PADMD, and ASTD operations and technical manuals. The subject contract was awarded competitively with hybrid contract types that included Firm Fixed Price (FFP) and Time and Materials (T&M) elements. Since it is not possible to estimate with any precision the timeliness, quantity, and complexity of pension plans trusteed by PBGC, several tasks were included under Contract Line Item Numbers (CLINs) with a T&M contract type. The performance period is a base period of twelve (12) months and nine (9) twelve (12) month option periods.

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POSTED

3 days ago

DEADLINE

in 6 days
View Details
NAICS: 523940
Federal
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Solicitation # DRAFT26R0001
The Pension Benefit Guaranty Corporation (PBGC) intends to issue a Request for Proposal in January 2026 for active investment management services for its Real Estate Investment Trust (REIT) equity portfolio. The scope involves managing a 100 percent long-only REIT equity portfolio with allocations between 250 and 500 million dollars. The selected contractor will be responsible for implementing a repeatable investment process, monitoring portfolio risk, ensuring best execution through robust trading systems, and adhering to ERISA and Treasury Office of Foreign Asset Control regulations. Key deliverables include proxy voting and stewardship, client service support, and semi-annual meetings with PBGC staff, at least one of which must be conducted in person at the manager's offices. The contract will have a total duration not exceeding 10 years and will be awarded without discussions, requiring offerors to submit their best technical and price terms initially. Contractors must maintain an active registration in the System for Award Management and meet stringent requirements, including a 5 million dollar cyber liability insurance policy and a tested annual disaster recovery plan. Rigorous personnel vetting is required, including seven-year criminal and employment background checks. The agreement also mandates strict adherence to organizational conflict of interest disclosures and Section 508 accessibility standards for all information technology. Invoicing must be processed through the Government's Invoice Processing Platform.
Portfolio Management and Investment Advice

POSTED

10 months ago

DEADLINE

N/A
View Details

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