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FBO DAILY ISSUE OF MARCH 18, 2010 FBO #3036
SOLICITATION NOTICE

R -- Statement of Work for Actuarial Consultant Services - Statement of Work

Notice Date
3/16/2010
 
Notice Type
Combined Synopsis/Solicitation
 
NAICS
541612 — Human Resources Consulting Services
 
Contracting Office
Postal Regulatory Commission, PRC Office of Administration, PRC HQ, 901 New York Avenue NW, Suite 200, Washington, District of Columbia, 20001
 
ZIP Code
20001
 
Solicitation Number
PRC_SOW_031610
 
Archive Date
4/15/2010
 
Point of Contact
Shoshana Grove, Phone: 202-789-6800, Judy Grady, Phone: 202-789-6800
 
E-Mail Address
shoshana.grove@prc.gov, judith.grady@prc.gov
(shoshana.grove@prc.gov, judith.grady@prc.gov)
 
Small Business Set-Aside
N/A
 
Description
Postal Regulatory Commission Statement of Work for Actuarial Consulting Objectives The PRC requires actuarial consultant services, using the OIG report as background, to review the method selected by OPM to allocate CSRS obligations associated with USPS employees' POD-era service between the Postal Service and the federal government. Tasks The actuarial consultant shall provide reports, documentation and deliverables in verbal, written or electronic format (as appropriate) and shall provide weekly written progress reports. Project Details The actuarial consultant shall:  Review the method employed by OPM to allocate CSRS liabilities incurred during employment by the POD and during employment with the USPS between the Postal Service and the Federal Government for the purpose of assessing the advantages and disadvantages of this allocation method  Advise as to any alternative methods that should be considered, including (but not limited to) the method suggested in the OIG paper  Provide an assessment of how an allocation would be structured if all parties had negotiating power similar to that involved in acquisitions in the private sector  As applicable, provide recommendations typically made in similar situations for estimating the allocation of pension liability between a parent company and subsidiaries, particularly if those subsidiaries are divested  As applicable, compare OPM's current method of allocation to standard or typical allocation methods used in a spin-off by other semi-government, government bodies or private sector entity undergoing a similar restructuring  Meet with OPM, USPS and USPS OIG actuaries, as needed, to discuss and to apply methods and results.  Support PRC staff members in identifying and assessing appropriate allocation methods  Provide related supporting data and, to the extent practicable, models or description thereof, to PRC staff  Address the appropriate level of funding for a Retiree Pension fund, including standard or typical practice, risks of overfunding vs. underfunding, volatility of funding assumptions, and any other important issues
 
Web Link
FBO.gov Permalink
(https://www.fbo.gov/spg/PRC/POA/PRCHQ/PRC_SOW_031610/listing.html)
 
Place of Performance
Address: 901 New York Avenue NW, Suite 200, Washington, District of Columbia, 20268, United States
Zip Code: 20268
 
Record
SN02093213-W 20100318/100316234830-30e7a151cb4a05f863f57fe7233f702b (fbodaily.com)
 
Source
FedBizOpps Link to This Notice
(may not be valid after Archive Date)

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