Loren Data Corp.

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COMMERCE BUSINESS DAILY ISSUE OF DECEMBER 11,1995 PSA#1487

Pension Benefit Guaranty Corporation, Procurement Department (PD), 1200 K Street, NW, Suite 510, Washington, DC 20005-4026

R -- COLLECTION/LITIGATION ON DELINQUENT ACCOUNTS Contact Contract Specialist Janice D. Johnson 202/326-4160 X 6859, Contracting Officer, Robert W. Herting (202) 326-4160. The Pension Benefit Guaranty Corporation (PBGC) intends to modify its existing debt collection contract to collect various types of debts for which contractor assistance is desired. The current contract refers to the collection of past due premiums and associated interest and/or penalty amounts due to PBGC, and associated interest and/or penalty amounts due the PBGC, including pursuing legal action in various federal district courts. The contract will be expanded to include various types of debts for which monies are owed to the PBGC. Some examples of these are: penalties owed pursuant to ERISA, Section 4071, judgments obtained by the PBGC, and delinquent loan or settlement agreements. The responsibility requires collection-related expertise, expert knowledge in the assessment of late charges as authorized by federal regulations, and under certain circumstances representing the PBGC, as PBGC local counsel and under PBGC direction, as plaintiff in all U.S. federal district courts. This work is in addition to and continuation of work already being performed by the existing provider who is uniquely qualified to carry out this work. In view of the provider's familiarity with the scope of work/services and time that is has expended in learning the PBGC's policy and procedures, it is in the best interest of the PBGC to have the current provider to perform these tasks. Two one-year option periods remain for performance under the current contract. It is critical that the provider of the services must have attorneys who will be able to represent the PBGC in federal district courts throughout the United States and all U.S. territories; have a high degree of success in debt recovery; and be familiar with PBGC's flat and variable premium rate filing requirements. This is not a request for proposal. See Note 22. (341)

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