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
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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.
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