MODIFICATION
R -- Immediate Annuity
- Notice Date
- 9/15/2005
- Notice Type
- Modification
- NAICS
- 525990
— Other Financial Vehicles
- Contracting Office
- Department of Education, Contracts & Acquisitions Management, Contracts (All ED Components), 550 12th Street, SW, 7th Floor, Washington, DC, 20202
- ZIP Code
- 20202
- Solicitation Number
- ED-05-AM-0020
- Response Due
- 9/21/2005
- Archive Date
- 10/6/2005
- Point of Contact
- Alice Mihill, Contract Specialist, Phone (202)245-6207, Fax 202-245-6278, - James Hairfield, Contracting Officer, Phone (202)245-6219, Fax 202-245-6278,
- E-Mail Address
-
Alice.Mihill@ed.gov, James.Hairfield@ed.gov
- Description
- The purpose of this amendment is to clarify the requirement. The U.S. Department of Education (Department) seeks to buy an immediate annuity for a settlement of an employment-related claim. All references to the term "tax-deferred" should be replaced with "immediate" in the original FedBizOpps notice. The beneficiary is a 48-year-old (DOB 2/24/57) female, and her state of issue would be Maryland. The Department solicits from brokers who will provide no fewer than three price quotes of annuity products with a guaranteed income for a 5-year period, paid monthly, and funded with a single deposit of $110,000. Annuity payments to the beneficiary commence not later than one month from the Department's purchase. Any proposed insurer should be rated at least A.M. Best A+ or higher, S&P AA+ or higher, or Moody's Aa2 or higher. All bids accepted for consideration must be submitted by 5:00 pm, EST on September 21, 2005.
- Record
- SN00895961-W 20050917/050915211844 (fbodaily.com)
- Source
-
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)
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