The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a $12,172,072.73 definitive labor hour contract to Lynchval Systems Worldwide Inc. to provide professional services supporting the agency's Legacy Pension Insurance Modeling System. The contract, which runs through August 31, 2025, includes actuarial support, operations and maintenance, and potential system modifications. This award was made under a previous solicitation seeking quotes for these services, with no set-aside designation. Lynchval is a solutions provider specializing in pension and OPEB software and consulting. This contract represents one of multiple PBGC awards to Lynchval, which has received delivery orders ranging from $19,000 to $140,000 to furnish actuarial services in support of the agency's pension insurance programs.
Generated 1/23/25, 9:40 AM