SOLICITATION NOTICE
R -- Audit Services
- Notice Date
- 6/12/2009
- Notice Type
- Presolicitation
- NAICS
- 541990
— All Other Professional, Scientific, and Technical Services
- Contracting Office
- Railroad Retirement Board, Office of Inspector General, Office of Inspector General - Audit, 844 North Rush Street 4th Floor, Chicago, Illinois, 60611-2092
- ZIP Code
- 60611-2092
- Solicitation Number
- RRB09R006
- Archive Date
- 10/15/2009
- Point of Contact
- Letty Benjamin Jay, Phone: 312-751-4341, Brenda Berry, Phone: 312-751-3328
- E-Mail Address
-
ljay@oig.rrb.gov, bberry@oig.rrb.gov
(ljay@oig.rrb.gov, bberry@oig.rrb.gov)
- Small Business Set-Aside
- N/A
- Description
- The Railroad Retirement Board (RRB) Office of Inspector General (OIG) plans to contract for an audit of the RRB’s Financial Interchange, a financing arrangement that funds certain benefit payments under the Railroad Retirement Act. The OIG anticipates awarding a fixed price contract. The RRB is an independent agency in the executive branch of the Federal government. Its primary function is to administer comprehensive retirement-survivor and unemployment-sickness insurance benefit programs for the nation's railroad workers and their families. The Financial Interchange is a collective term that describes a series of legally mandated periodic fund transfers between the RRB and the Social Security Administration, the RRB and the Centers for Medicare and Medicaid Services, and the RRB and the U.S. Department of the Treasury (Treasury). The Financial Interchange is required by statute. Section7(c)(2) of the Railroad Retirement Act, as amended requires an annual determination of the amount of that would place the Social Security and Federal Hospital Insurance trust funds in the same position in which they would have been if service as an employee after December 31, 1936, covered under the RRA, had been included in the term “employment” as defined in the Social Security act and in the Federal Insurance Contributions Act. The Financial Interchange is a complex statistical projection designed to comply with the foregoing statutory requirement. The calculation is performed annually by the Financial Interchange Division of the RRB’s Bureau of the Actuary. In FY 2008, the RRB’s net cost of operations exceeded $10 billion of which $3.6 billion (36%) was financed by the Financial Interchange. Interested parties may obtain more information about the RRB’s programs and financing from the RRB’s public website www.rrb.gov. The available information includes descriptions of the agency’s organization and programs as well as financial and actuarial reports. A copy of the "Summary and Documentation" for the 56th Deterimination of the Financial Interchange for Fiscal Year 2007 is available only upon request via return EMAIL Interested parties may request a copy by EMAIL to ljay@oig.rrb.gov. The OIG anticipates issuing Solicitation No. RRB09R006 on or about June 26, 2009. This solicitation will be posted on the Federal Business Opportunities (FBO.gov). Copies of this solicitation and its attachments/exhibits will be available for electronic download via the FBO.gov website. The OIG does not plan to send out copies of this solicitation via U.S. Mail. Hardcopies of the solicitation document will not be available. All future information about this acquisition, including solicitation amendments will be distributed solely through the FBO.gov website. Interested parties are responsible for monitoring FBO.gov to assure that they have the most up-to-date information about this acquisition.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/RRB/RRB-OIG/OIG-A/RRB09R006/listing.html)
- Place of Performance
- Address: Office of Inspector General, U.S. Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois, 60611, United States
- Zip Code: 60611
- Zip Code: 60611
- Record
- SN01843557-W 20090614/090612235500-173972ca2ca87195a5f00f4489bf933a (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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