SFA Actuarial Support

Background
The Pension Benefit Guaranty Corporation (PBGC) is a wholly-owned U.S. government corporation under Title IV of ERISA that administers the federal pension insurance programs and enforces compliance. The Office of Negotiations and Restructuring (ONR) within PBGC provides financial and actuarial analysis and negotiations support to mitigate risk exposure.

This requirement will provide actuarial support related to Special Financial Assistance (SFA) applications for multiemployer pension plans under the American Rescue Plan Act, including program management, implementation of standard procedures, reporting, and monitoring of approved applications.

Work Details
Performance Area I: Review of SFA Applications including Implementation, Reporting and Monitoring (Labor Hour):
• Actuarial review of SFA applications
• Development of management reports tracking status of SFA applications
• Monitoring conditions applicable to approved SFA applications
• Assist NRAD in review and revision of standard procedures for SFA application review
• Review and update reports to track active, completed, and in-progress cases
• Review and revise standard reports for presentation and certification of review results
• Conduct training sessions for PBGC staff on SFA application review
• Review post-approval financial and actuarial determinations for mergers, transfers, and withdrawal liability settlements
• Review completeness of application data, certification of plan status, actuarial valuation reports, cash flow projections, assumptions, and supporting documentation
• Identify and assess proposed changes in actuarial assumptions and review supporting evidence
• Calculate SFA amounts and prepare summaries of financial and actuarial information
• Prepare reports presenting findings and formal actuarial certifications

Performance Area II: Optional Surge Support and Related Special Project Support (Labor Hour):
• Provide surge support for Performance Area I tasks during periods of unanticipated workload increases
• Undertake related special projects, including litigation support (testimony, depositions), analysis of legislative proposals, training on pension laws and regulations, analysis of actuarial assumptions, and support for PBGC financial statements

Period of Performance
One 12-month base period with four 12-month option periods

Place of Performance
Contractor’s own facilities, with occasional travel to PBGC Headquarters at 445 12th Street SW, Washington, DC 20554

Bidder Requirements
Key Personnel: at least two credentialed actuaries (Enrolled Actuaries), including at least one Fellow (FSA) or Associate (ASA) of the Society of Actuaries; no conflicts of interest with PBGC and no testimony against PBGC during contract.

Personnel must meet minimum pension valuation experience and credential thresholds per Attachment A (e.g., EA & FSA with 4 years post-credentials, EA & ASA with 6 years, EA alone with 8 years), plus associate and assistant actuary categories.

Offerors must be capable of devoting up to 12,000 hours annually to this contract.