Request for Information, Insurance Rate Survey Information Subscription

Background
The Policy Research and Analysis Department (PRAD) is responsible for recommending actuarial assumptions and developing those assumptions for two critical Pension Benefit Guaranty Corporation (PBGC) processes. PBGC utilizes interest rates developed by PRAD to calculate pension benefit liabilities for distress plan terminations and PBGC's financial statements. PRAD conducts a survey of group annuity insurers to determine these interest rates and seeks to enhance its survey by comparing it with a more comprehensive survey that includes a larger number of participants.

The contractor's survey will provide crucial information on group annuity pricing, particularly the interest rates used to determine group annuity premiums. This is essential as PBGC conducts its own quarterly survey but requires confirmation of results due to low response rates. Additionally, PBGC is looking for expertise in the group annuity market to address potential gaps in its survey methodology.

Work Details
The contractor will conduct a monthly survey of group annuity insurers regarding the interest rates used to set premiums for group annuity contracts. The key tasks include:
1) Surveying group annuity insurers monthly to gather interest rate information;
2) Publishing the interest rate data derived from the surveys online and ensuring it is accessible to PBGC within 10 business days after each month ends;
3) Providing technical assistance related to the survey findings and general insights about the state of the group annuity market, with support limited to 15 hours of total meeting time per year, measured by meeting duration regardless of attendee count.

Period of Performance
This contract has a firm Fixed Price structure, consisting of a 12-month Base Period from January 1, 2027, to December 31, 2027, followed by four optional 12-month periods extending through December 31, 2031, with an optional six-month extension available until July 1, 2032.

Place of Performance
The work will be performed off-site at the contractor's offices with no travel required.

Bidder Requirements
Bidders must demonstrate expertise and experience in the group annuity market. Specific qualifications or certifications are not detailed in the solicitation.