R -- Seeking Sources for Operation of Field Benefit Administration Offices
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The Pension Benefit Guaranty Corporation (PBGC) issued a solicitation seeking sources to provide pension benefit administration services across its 10 Field Benefit Administration sites located in various states including Georgia, Iowa, Pennsylvania, and others. These services encompass tasks such as managing participant data, processing benefit payments, handling participant notifications, and supporting both plan closing and ongoing administrative activities. At the time, PBGC operated under 10 separate labor-hour contracts, most of which were set to expire by the end of September 2007, except for the Atlanta office contract expiring in 2008. The agency was exploring transitioning to more performance-oriented contract types, with plans for a new contract offering a one-year base period plus up to four option years. Firms interested were invited to submit a statement of interest and capability by April 20, 2007, with the possibility of further market research including one-on-one meetings. The PBGC provided a sample Statement of Work for informational purposes, noting it would likely be revised before solicitation issuance and welcomed alternative performance method suggestions. However, the solicitation was ultimately cancelled in its entirety, as indicated by the subsequent contract amendment, and no further procurement action proceeded under this reference.
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