Notice Type: Synopsis / Pre-Solicitation Reference Number: 16PBGC-21-R-0012 Title: Actuarial Support Services Anticipated NAICS Code : 541612 – “Human Resources Consulting Services” Anticipated Product/Service Code: R499 – Support Professional: Other Contracting Office Address: Pension Benefit Guaranty Corporation (PBGC), Procurement Department, 1225 I Street NW, Suite 3333, Washington DC, 20005 Point of Contact(s): Primary: Roland Thomas Contracting Officer, Procurement Department Email:
[email protected] Secondary: Rudy Baldus Contracting Officer, Procurement Department Email:
[email protected] Secondary: Jim Blades Contract Specialist, Contractor Support Email:
[email protected] Requirement Background Information, Purpose, and Objective: 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 Synopsis/Pre-Solicitation is to notify potential Offerors that PBGC intends to solicit proposals via a Request for Proposal (RFP) to select multiple contractor(s) 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. Request for Proposal (RFP) Release Information: This is a Synopsis/Pre-Solicitation notice. Please note that this is not a solicitation for proposals, proposal abstracts, or quotations. The Pension Benefit Guaranty Corporation (PBGC) anticipates issuing a solicitation (Request for Proposals (RFP)) on or about May 14, 2021. The RFP is anticipated to be issued via full and open competition under NAICS Code 541612: “Human Resources Consulting Services.” The Government anticipates the award of contracts with hybrid contract types, including Firm-Fixed-Price (FFP) and Time and Material (T&M) elements. PBGC will issue the solicitation and its amendments on the System for Award Management (SAM) website at https://beta.sam.gov/. All responsible sources may submit a proposal in response to the RFP and attachments. Responsible sources must be registered in the System for Awards Management (SAM) database located at https://www.sam.gov at the time an offer is submitted in accordance with FAR Subpart 4.1102: “Policy” to be eligible for an award. Prospective Offerors are advised that this procurement is subject to internal PBGC approvals and the availability of funds. This synopsis/pre-solicitation notice is NOT a Request for Proposal (RFP) and in no way obligates the Government to issue an RFP and/or award a contract. This notice satisfies the synopsis requirement in FAR 5.2. If a solicitation is issued, all necessary information will be supplied at the time it is posted at https://beta.sam.gov. Questions/requests for information will not be responded to until RFP issuance. Interested parties are responsible for monitoring Beta SAM for the most up-to-date information concerning the forthcoming solicitation. Paper copies of the solicitation and its amendments will not be distributed.