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Pension Counseling & Information Projects

ID: HHS-2024-ACL-AOA-PCRP-0015 • Type: Posted

Description

Posted: March 19, 2024, 12:00 a.m. EDT
The goal of the Pension Counseling & Information Program is to reduce the risk of financial insecurity by empowering individuals through information, resources, and tools. The regional counseling projects promote an understanding of pension rights, and seeks to assist older adults in maintaining or achieving financial stability. This program strives to maximize the independence of older individuals, and empower them to make informed choices so that they can live well in retirement. Successful applicants will demonstrate a proven track record of advising and representing individuals who have been denied employer or union-sponsored pensions or other retirement savings plan benefits, and will have the capacity to deliver services on a regional basis. Successful applicants will also have a recognized history of serving older people who may be economically marginalized, with an emphasis on diversity, equity, and inclusion.
Posted: March 19, 2024, 12:00 a.m. EDT
Posted: Aug. 2, 2023, 12:00 a.m. EDT
Posted: Aug. 2, 2023, 12:00 a.m. EDT
Background
The Pension Counseling & Information Program aims to reduce the risk of financial insecurity by empowering individuals through information, resources, and tools. The regional counseling projects promote an understanding of pension rights and seek to assist older adults in maintaining or achieving financial stability. The program strives to maximize the independence of older individuals and empower them to make informed choices so that they can live well in retirement. The Administration on Aging (AoA), now a part of the Administration for Community Living (ACL), has funded the Pension Regional Counseling Programs (PRCPs) since 1993 to help individuals understand and exercise their pension rights.

Grant Details
The PRCP grantees will provide counseling, information, and assistance to help individuals obtain or establish rights to pension and other retirement benefits. This includes legal representation to obtain benefits, drafting and submitting claims, locating lost plans, providing information on sources of pension and other retirement benefits, targeted outreach with particular emphasis on people of color and others who have been historically underserved, marginalized, and adversely affected by persistent poverty and inequality. Grantees must also demonstrate the capacity to collect and report data on client activities, track outreach activities, focus on serving people of color and others such as those with limited-English proficiency, those residing in rural areas, and individuals with low-income who have been historically underserved.

Eligibility Requirements
Eligible applicants include domestic public or private non-profit entities including state and local governments, Indian tribal governments and organizations, faith-based organizations, community-based organizations, hospitals, and institutions of higher education. Applicants must demonstrate expertise in advising and representing individuals who have questions about or have been denied employer or union-sponsored retirement pension benefits.

Period of Performance
The project period will be for 60 months with five 12-month budget periods. ACL will award a total of six new cooperative agreements with one award per region. Applications for continuation funding beyond the initial year will be reviewed on a non-competitive basis.

Grant Value
$1,200,000 is the estimated total funding for six awards with an award ceiling of $200,000 per budget period and an award floor of $175,000 per budget period.

Place of Performance
ACL intends to serve individuals with pension-related matters in six regions established since the project’s inception: Region I (Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island), Region II (New York, New Jersey), Region III (Pennsylvania, Ohio, Indiana, Michigan,Tennessee,Kentucky), Region IV (Arkansas,Louisiana,Missouri ,New Mexico,Oklahoma,Texas), Region V (Iowa ,Nebraska,Missouri,Wisconsin,North Dakota,South Dakota), Region VI(Arizona,Nevada,Calfornia,Hawaii).

Overview

Category of Funding
Income Security and Social Services
Funding Instruments
Cooperative Agreement
Grant Category
Discretionary
Cost Sharing / Matching Requirement
True
Source
On 3/19/24 Administration for Community Living posted grant opportunity HHS-2024-ACL-AOA-PCRP-0015 for Pension Counseling & Information Projects with funding of $1.2 million. The grant will be issued under grant program 93.048 Special Programs for the Aging, Title IV, and Title II, Discretionary Projects. It is expected that 6 total grants will be made worth between $175,000 and $200,000.

Timing

Posted Date
March 19, 2024, 12:00 a.m. EDT
Closing Date
May 20, 2024, 12:00 a.m. EDT Due in 34 Days
Closing Date Explanation
Electronically submitted applications must be submitted no later than 11:59 p.m., ET, on the listed application due date.
Last Updated
March 19, 2024, 3:42 p.m. EDT
Version
2

Eligibility

Eligible Applicants
Unrestricted (i.e., open to any type of entity above), subject to any clarification in text field entitled "Additional Information on Eligibility"
Additional Info
Additional information on eligibility will be included in the full NOFO. Foreign entities are not eligible to compete for, or receive, awards made under this announcement.

Award Sizing

Ceiling
$200,000
Floor
$175,000
Estimated Program Funding
$1,200,000
Estimated Number of Grants
6

Contacts

Contact
Administration for Community Living
Email Description
government email
Contact Phone
(202) 795-7407
Additional Information Site

Documents

Posted documents for HHS-2024-ACL-AOA-PCRP-0015

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