Pension Benefit Guaranty Corporation, Procurement Department, 1200 K Street, NW, Suite 1090, Washington, DC 20005-4026

R -- TO PROVIDE HIGHLY QUALIFIED PROFESSIONAL PERSONNEL TO PERFORM ACTUARIAL CALCULATIONS AND ANALYSIS OF THE UNDERFUNDING OF PENSION PLANS!! SOL PBGC01-RP-00-0016 POC Contact Marilyn Silverman, 202/ 326-4160, ext. 3322; Contracting Officer, Robert W. Herting The Corporate Finance and Negotiations Department (CFND) of the Pension Benefit Guaranty Corporation (PBGC) is seeking to award a contract to provide actuarial services. Services covered by the contract include analyses of the underfunding of pension plans on a plan termination basis, calculation of PBGC's claims for a plan's failure to make minimum funding contributions and, in some cases, allocation of the calculated amounts into bankruptcy priority categories as specified by the PBGC. Determination of IRC Section 412(n) lien amounts, employer liability under ERISA Section 4062(e), projections of future years' unfunded status and minimum funding contributions, litigation support and other actuarial calculations for pension plans may also be required. The Contractor will be asked to certify its calculations. The Contractor may be required to use existing software or to develop additional software for this purpose. In 1991 the PBGC formed the Corporate Finance and Negotiation Department (CFND), whose mission is to support negotiation and litigation efforts associated with PBGC's largest exposures to losses (i.e. controlled groups sponsoring plans with over 5,000 participants and $25 million in unfunded benefit liabilities). CFND participates in these efforts when various situations arise, including: bankruptcy of a plan sponsor or a member of a plan sponsor's controlled group; failure to make required minimum funding payments; corporate transactions affecting the controlled group potentially putting PBGC at increased risk of loss; significant reduction in plan participation; other activities that could jeopardize pension benefits. Because of the nature of these situations, CFND operates under tight deadlines and requires comprehensive (and frequently complex) analysis of and creative solutions to actuarial issues. Consequently, CFND must have quick and thorough actuarial analyses from its Contractor. The Contractor must be able to travel to Washington, D.C. given two business days notice. The period of performance for the base contract will be from October 1, 2000 through September 30, 2001, with three one-year options for renewal at PBGC's discretion. To request a copy of the solicitation, you must reference RFP-00-0016. Please send your request to fax number 202 326-4162 or write to the above address, but do not send requests by both fax and mail. Please be sure to include the point of contact, your company name, company mailing address, and fax number on your request. Telephone requests will not be honored. Posted 05/22/00 (W-SN457185). (0143)

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