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D -- RFI for Comprehensive Pension Calculation Business Solution

Notice Date
Notice Type
Sources Sought
541512 — Computer Systems Design Services
Contracting Office
Pension Benefit Guaranty Corporation, Chief Management Officer, Procurement Department, Suite 1090, 1200 K Street, N.W., Washington, DC, 20005-4026, UNITED STATES
ZIP Code
Solicitation Number
Response Due
The Pension Benefit Guaranty Corporation (PBGC) is seeking sources with expertise in engineering complex financial systems, with a preference for pension benefit calculation functionality. PBGC is interested in business solution(s) which will achieve the following business outcomes: - Calculation of individual benefits and valuation of pension plan liabilities in accordance with the Employee Retirement Income Security Act (ERISA) statute and PBGC regulations; - Implementation of PBGC processes such as calculating benefits for a terminated plan instead of an ongoing plan, adjusting benefits for prior distributions, limitations on benefits imposed by law and regulation, and allocation of plan assets with consideration for 4044 and 4022(c); - Computation flexibility in accommodating various plan provisions such as complex eligibility requirements, cash balance requirements, accumulation of employee contributions, determination of contribution base benefits, death benefits, and top heavy provisions; along with consideration for participant and beneficiary type payments due to free surviving spousal benefits and qualified domestic orders; - Uniformity of results by means of repeatable algorithms and methods ensuring sameness across different pension plans; - Multi-media access for plan participants and beneficiaries to obtain information about their pension plan, benefit and payment options; - Security and internal controls for calculation methodology and algorithms, in conjunction with participant and plan data; - Standardization of reports and outputs producible in varies formats and levels in order to meet internal and external customer service needs; and, - Consistency to promote standardization, efficiencies and re-use where possible within the business processes is desired. Firms interested in collaborating with the PBGC to achieve these outcomes are requested to submit, to the PBGC, an expression of their interest and a brief capability statement which demonstrates their performance expertise. From these responses, PBGC may conduct further market research activities such as due diligence sessions conducted individually with interested firms via on-site sessions or thru video conference calls. The due diligence session(s) will include a briefing on PBGC's business requirements and performance expectations. After the due diligence, PBGC will solicit further request for information to include but not limited to: - No more than 3 (three) viable alternatives for addressing requirements - A description of recommended alternatives and performance gap being addressed - A Cost Benefit Analysis for each alternative - A Risk Management Plan which address OMB300 risks - A description of recommended performance measures - A preliminary quality assurance plan - A preliminary security plan - Proposed acquisition strategies Firms interested in this synopsis are requested to identify their interest and provide a two page statement of their qualifications including: 1) professional capabilities to include professional qualifications and experience of personnel who might be assigned to the effort; 2) specialized experience and technical capabilities; 3) capacity to accomplish the work: 4) company size; and 5) commercial items. Also include in any response the company's name, address, telephone number and point of contact. Responses should be sent to: Pension Benefit Guaranty Corporation, Procurement Dept (Greg Smith), 1200 K Street NW, Washington DC 20005. Alternately, firms may send their responses via email to Smith.Gregory@pbgc.gov.
SN01369568-W 20070812/070810222922 (fbodaily.com)
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