16PBGC26Q0037.pdf

SEE ADDENDUMIS CHECKED

CODE 18a. PAYMENT WILL BE MADE BY

CODE

FACILITYCODE

17b. CHECK IF REMITTANCE IS DIFFERENT AND PUT SUCH ADDRESS IN OFFER

OFFEROR

PRAD CODE 16. ADMINISTERED BYCODE

X

X

541990

SIZE STANDARD:

% FOR:SET ASIDE:UNRESTRICTED ORPD

REQUEST FOR

PROPOSAL

(RFP)

INVITATION

FOR BID (IFB)

10. THIS ACQUISITION ISCODE

REQUEST FOR

QUOTE (RFQ)

14. METHOD OF SOLICITATION

13b. RATING

NORTH AMERICAN INDUSTRY

CLASSIFICATION STANDARD

(NAICS):

SMALL BUSINESS

08/20/2026 1400 ET

07/27/2026

David Feliciano-Merino (No collect calls)

INFORMATION CALL:

FOR SOLICITATION 8. OFFER DUE DATE/LOCAL TIMEb. TELEPHONE NUMBER a. NAME

4. ORDER NUMBER3. AWARD/ 6. SOLICITATION

16PBGC26Q0037

5. SOLICITATION NUMBER

SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS 1. REQUISITION NUMBER PAGE OF

1 30 RQ1626000007OFFEROR TO COMPLETE BLOCKS 12, 17, 23, 24, & 30

TELEPHONE NO.

17a. CONTRACTOR/

15. DELIVER TO

Washington DC 20024-2101

445 12th St SW

Guaranty Corporation

Pension Benefit

9. ISSUED BY

7.

2. CONTRACT NO.

EFFECTIVE DATE

$19.5

18b. SUBMIT INVOICES TO ADDRESS SHOWN IN BLOCK 18a UNLESS BLOCK BELOW

ISSUE DATE

DELIVERY FOR FREE ON BOARD

(FOB) DESTINATION UNLESS

BLOCK IS MARKED

11.

SEE SCHEDULEX

12. DISCOUNT TERMS THIS CONTRACT IS A RATED

ORDER UNDER THE DEFENSE

PRIORITIES AND ALLOCATIONS

SYSTEM - DPAS (15 CFR 700)

13a.

SERVICE-DISABLED

VETERAN-OWNED

SMALL BUSINESS

(SDVOSB)

HUBZONE SMALL

BUSINESS

8(A)

Procurement Department WOMEN-OWNED SMALL

BUSINESS (WOSB)

ECONOMICALLY DISADVANTAGED

WOMEN-OWNED SMALL

BUSINESS (EDWOSB)

Washington DC 20024-2101

445 12th St SW

Policy, Research & Analysis Depart

24.

AMOUNT

23.

UNIT PRICE

22.

UNIT

21.

QUANTITY

20.

SCHEDULE OF SUPPLIES/SERVICES

19.

ITEM NO.

Delivery: 04/15/2027 Period of Performance: 09/28/2026 to 04/27/2027

0001 FY26 PIMS Peer Review on Plan Sponsor Health

(Use Reverse and/or Attach Additional Sheets as Necessary)

HEREIN, IS ACCEPTED AS TO ITEMS:

X

DATED

David Feliciano-Merino

. YOUR OFFER ON SOLICITATION (BLOCK 5),

INCLUDING ANY ADDITIONS OR CHANGES WHICH ARE SET FORTH

COPIES TO ISSUING OFFICE. CONTRACTOR AGREES TO FURNISH AND DELIVER

ARE

ARE

31c. DATE SIGNED

27b. CONTRACT/PURCHASE ORDER INCORPORATES BY REFERENCE FAR 52.212-4. FAR 52.212-5 IS ATTACHED. ADDENDA

31a. UNITED STATES OF AMERICA (SIGNATURE OF CONTRACTING OFFICER)

30c. DATE SIGNED 31b. NAME OF CONTRACTING OFFICER (Type or print)

ALL ITEMS SET FORTH OR OTHERWISE IDENTIFIED ABOVE AND ON ANY ADDITIONAL

SHEETS SUBJECT TO THE TERMS AND CONDITIONS SPECIFIED.

27a. SOLICITATION INCORPORATES BY REFERENCE (FEDERAL ACQUISITION REGULATION) FAR 52.212-1, 52.212-4. FAR 52.212-3

AND 52.212-5 ARE ATTACHED. ADDENDA

26. TOTAL AWARD AMOUNT (For Government Use Only)

OFFER

STANDARD FORM 1449 (REV. 11/2021)

Prescribed by GSA - FAR (48 CFR) 53.212

ARE NOT ATTACHED.

ARE NOT ATTACHED.

AUTHORIZED FOR LOCAL REPRODUCTION

PREVIOUS EDITION IS NOT USABLE

30b. NAME AND TITLE OF SIGNER (Type or print)

30a. SIGNATURE OF OFFEROR/CONTRACTOR

28. CONTRACTOR IS REQUIRED TO SIGN THIS DOCUMENT AND RETURN

25. ACCOUNTING AND APPROPRIATION DATA

29. AWARD OF CONTRACT: REFERENCE

32e. MAILING ADDRESS OF AUTHORIZED GOVERNMENT REPRESENTATIVE

32c. DATE 32b. SIGNATURE OF AUTHORIZED GOVERNMENT REPRESENTATIVE

ACCEPTED, AND CONFORMS TO THE CONTRACT, EXCEPT AS NOTED:

32a. QUANTITY IN COLUMN 21 HAS BEEN

RECEIVED INSPECTED

40. PAID BY39. S/R VOUCHER NUMBER38. S/R ACCOUNT NUMBER

37. CHECK NUMBER

FINALPARTIAL

36. PAYMENT

FINALPARTIAL

35. AMOUNT VERIFIED

CORRECT FOR

34. VOUCHER NUMBER33. SHIP NUMBER

COMPLETE

32g. E-MAIL OF AUTHORIZED GOVERNMENT REPRESENTATIVE

42d. TOTAL CONTAINERS42c. DATE REC'D (YY/MM/DD)

42b. RECEIVED AT (Location)

42a. RECEIVED BY (Print)

41c. DATE41b. SIGNATURE AND TITLE OF CERTIFYING OFFICER

41a. I CERTIFY THIS ACCOUNT IS CORRECT AND PROPER FOR PAYMENT

STANDARD FORM 1449 (REV. 11/2021) BACK

24.

AMOUNT

23.

UNIT PRICE

22.

UNIT

21.

QUANTITY

20.

SCHEDULE OF SUPPLIES/SERVICES

19.

ITEM NO.

32f. TELEPHONE NUMBER OF AUTHORIZED GOVERNMENT REPRESENTATIVE

32d. PRINTED NAME AND TITLE OF AUTHORIZED GOVERNMENT REPRESENTATIVE

30 2 of

Section 1 - COMBINED SYNOPSIS/SOLICITATION FOR COMMERCIAL SUPPLIES OR SERVICES4 Section 2 - Work Statement/List of Supplies & Quantities Section 3 - Attachments and Exhibits

Attachments and Exhibits RFO 52.203-12 Limitation on Payments to Influence Certain Federal Transactions. (JUN 2020) 52.204-7 System for Award Management-Registration. (NOV 2024) (Deviation FEB 2026) 52.204-13 System for Award Management-Maintenance. (OCT 2018) (Deviation FEB 2026) 52.222-90 Addressing DEI Discrimination by Federal Contractors (DEVIATION APR 2026) RFO 52.227-14 Rights in Data-General. (MAY 2014) RFO 52.232-39 Unenforceability of Unauthorized Obligations. (JUN 2013) PBGC PBGC 52.022-7001 Ending Illegal Discrimination and Restoring Merit-Based Opportunity (APR 2026) PBGC PBGC 52.201-7000 Contracting Officer's Representative (JUN 2017)

PBGC PBGC 52.204-7000 RECORDS MANAGEMENT (SEP 2017)

PBGC PBGC 52.207-7001 CONTRACTOR TELEWORK (MAY 2020)

PBGC PBGC 52.209-7001 ORGANIZATIONAL CONFLICTS OF INTEREST (AUG 2017)

PBGC PBGC 52.232-7009 SUBMISSION OF ELECTRONIC INVOICING USING INVOICE

PROCESSING PLATFORM (IPP) FOR TIME AND MATERIAL, LABOR-HOURS, AND FIXED

PRICE (APR 2026)

PBGC PBGC 52.237-7000 KEY PERSONNEL (APR 2018)

PBGC PBGC 52.237-7001 EDUCATION AND EXPERIENCE QUALIFICATIONS (DEC 2014)

PBGC PBGC 52.237-7008 OBSERVANCE OF LEGAL HOLIDAYS (OCT 2018)

PBGC PBGC 52.239-7000 SECTION 508 ACCESSIBILITY STANDARDS (MAR2020)

PBGC PBGC 52.224-7000 Handling PBGC DATA (JUN 2026) 52.212-4 Terms and Conditions-Commercial Products and Commercial Services. (NOV 2023) (Deviation FEB 2026)

0000 PLEASE BE ADVISED

Section 4 - Instructions to Offerors Section 5 - Evaluation & Basis for Award

Section 5: Evaluation & Basis for Award

Section 1 - COMBINED SYNOPSIS/SOLICITATION FOR COMMERCIAL SUPPLIES OR

SERVICES

1.1 Introduction

The Government anticipates this award will be a FFP contract established under RFO Part 12.

The Contractor shall provide the required supplies or services, as defined in Section 2, of this Request for Quotation (RFQ). The associated North American Industry Classification System (NAICS) code is 541990.

The government anticipates a period of performance of seven (7) months.

The Schedule Contractor shall complete the Pricing Schedule with the unit pricing and shall fill in the total price for all CLINs.

1.2 Pricing Schedule

CLIN Description Unit QTY Price 0001 PIMS Peer Review LOT 1 $ Base Period Total $

Section 2 - Work Statement/List of Supplies & Quantities

1.0. Introduction:

The Moving Ahead for Progress in the 21st Century Act (MAP-21, Pub. L. No. 112-141) was enacted on July 6, 2012. Section 40233(a) of MAP-21 requires the Pension Benefit Guaranty Corporation (PBGC) to contract with a capable agency or organization that is independent of PBGC, to conduct annual peer reviews of the Single-Employer (SE) Pension Insurance Modeling System (PIMS) and Multiemployer (ME) PIMS. In practice, comprehensive reviews are conducted at least once every 5 years with targeted, more limited, reviews conducted in interim years. The focus of this Statement of Objectives (SOO) is a targeted review of SE PIMS and ME PIMS to be conducted in 2026-2027.

The PIMS models are used to develop PBGC’s annual Projections Report, a 10-year projection of the financial position of each of PBGC’s two insurance programs – the Single-Employer Program and the Multiemployer Program, and a long-term (40-year) evaluation of the solvency of the Multiemployer Program. PBGC also uses these forecasting models to analyze the potential effects of legislative proposals that impact private sector defined benefit plans and the insurance programs, as well as for additional budgeting and analysis internal to PBGC.

PBGC has deployed a new, modernized version of the SE PIMS model, which utilizes some alternative modeling assumptions and methods. As part of this deployment, PBGC constructed a new economic scenario generator; the resulting economic scenarios are used in both the SE PIMS and ME PIMS models.

This targeted review covers the current versions of the SE PIMS model and the ME PIMS model; it does not cover the prior Legacy version of SE PIMS.

2.0. Scope or Mission:

PBGC’s Board is seeking a qualified Contractor to perform a targeted peer review of the assumptions and methods used by the PIMS models to incorporate the financial health of plan sponsors in the projections.

The remainder of this document sets forth PBGC’s specific expectations, while noting that PBGC would also welcome suggested refinements, based on the Contractor’s depth of experience and expertise in modeling defined benefit pension plans. PBGC will entertain proposed sub-contracting by the Contractor as needed to best accomplish the review.

3.0. Background:

The current PIMS models are used to project the future financial position of PBGC’s Single-Employer and Multiemployer Insurance Programs; to evaluate long-term Multiemployer Program solvency; to evaluate the potential impact of various legislative proposals; and for additional budgeting and analysis, internal to PBGC. The models project each PBGC Insurance Program’s exposure to future claims, which depends on the future funded status of insured pension plans as well as the financial viability of the plan sponsors. For PBGC’s Single-Employer Program, claims are triggered by the financial distress (often bankruptcy proceedings) of companies sponsoring underfunded plans. For PBGC’s Multiemployer Program, a precipitating cause of claims can be a severe reduction in contributions to the plan due to industry decline or the bankruptcy or withdrawal of large contributing employers. The overall objective of this review is to assess whether the assumptions and methods currently employed to incorporate the financial health of plan sponsors in the projections achieve the models’ intended purposes.

4.0. Period of Performance;

The Government anticipates the period of performance will be September 28, 2026 through April 27, 2027 (including one month of onboarding). However, the period of performance start date is subject to change and shall be determined at the time of award.

5.0. Place of Performance

Place of performance will be remote (off-site).

6.0. Performance Requirements/Tasks:

PBGC’s Board is seeking a qualified Contractor to perform a targeted peer review of the assumptions and methods used by the PIMS models to incorporate the financial health of plan sponsors in the projections.

The remainder of this document sets forth PBGC’s specific expectations, while noting that PBGC would also welcome suggested refinements, based on the Contractor’s depth of experience and expertise in modeling defined benefit pension plans. PBGC will entertain proposed sub-contracting by the Contractor as needed to best accomplish the review.

The current PIMS models are used to project the future financial position of PBGC’s Single-Employer and Multiemployer Insurance Programs; to evaluate long-term Multiemployer Program solvency; to evaluate the potential impact of various legislative proposals; and for additional budgeting and analysis, internal to PBGC. The models project each PBGC Insurance Program’s exposure to future claims, which depends on the future funded status of insured pension plans as well as the financial viability of the plan sponsors. For PBGC’s Single-Employer Program, claims are triggered by the financial distress (often bankruptcy proceedings) of companies sponsoring underfunded plans. For PBGC’s Multiemployer Program, a precipitating cause of claims can be a severe reduction in contributions to the plan due to industry decline or the bankruptcy or withdrawal of large contributing employers. The overall objective of this review is to assess whether the assumptions and methods currently employed to incorporate the financial health of plan sponsors in the projections achieve the models’ intended purposes. The following tasks are included in the scope of work:

6.1. Tasks Related Specifically to the SE Model

6.1.1. A review of the framework of the credit rating transition model used in the newly deployed SE PIMS model, assessed for reasonableness based on the purpose and use within the overall SE PIMS model. This includes:

o The theoretical soundness of the model o How ratings categories are grouped together o Whether other factors should be included

6.1.2. A review of the methodology for correlating projected changes in economic conditions (produced by the economic scenario generator) to projected default rates, including:

o The change in the one-year rate of default, by rating category o The change in probabilities of credit upgrades or downgrades, by rating category

6.1.3. A review of the analysis which selected three economic variables used to correlate projected changes in economic conditions to projected default rates. This includes assessment of the robustness of the statistical metrics generated from the regression analysis and the appropriateness of the three chosen economic variables.

6.1.4. A review of the methodology used to assign an initial credit rating for plan sponsors that do not have a credit rating in the available data set (e.g. privately held companies, cases where the SE PIMS model “bundles” multiple small plans together, etc.)

6.1.5. An analysis of the model’s distribution of plan sponsors by projected credit rating, including the cumulative rates of default during the projection period.

o Includes emphasis on the reasonability of outcomes in the tail of the distribution that models the more adverse projected economic conditions.

6.1.6. A review of the model’s assumption for whether a plan sponsor default ultimately will generate a claim on PBGC’s insurance program.

6.2. Tasks Related Specifically to the ME Model

6.2.1. A review and assessment of whether the model framework for projecting plan contribution and withdrawal liability income reasonably reflects the potential risks posed by the financial health of industries and large individual contributing employers.

6.2.2. An analysis to identify systemically important contributing employers in the insured multiemployer pension system.

6.2.3. An analysis of how specific withdrawal liability rules, particularly rules that apply to certain industries such as the construction industry rules under 29 U.S.C. §1383(b), are reflected in the model and identification of any improvements in the modeling of withdrawal liability rules which would materially impact model results.

6.2.4. A 20-year historical analysis of

o The bankruptcies and/or withdrawals of large contributing employers over the past 20 years that significantly affected PBGC’s Multiemployer Program, and an assessment of the systemic risk of the contributing employers identified in Objective #8 based on this historical experience.

o Declines in key industries over the past 20 years that significantly affected PBGC’s Multiemployer Program, and an assessment of the systemic risk based on this historical experience.

6.2.5. A review and assessment of whether the assumptions and methods used to model future withdrawal liability income reasonably reflect the financial health of the employers assumed to exit the plans.

6.3. Tasks Related to both the SE and ME Models

6.3.1. Identification of additional information (not currently used by the models) regarding the financial health of plan sponsors which would enhance model effectiveness and/or accuracy

6.3.2. An assessment of the existing stress and sensitivity tests regarding plan sponsor financial health recently included in the Projections Report and whether any additional tests are recommended

6.3.3. A review and assessment of whether the data, assumptions, methods, and reporting applicable to the modeling of plan sponsor health in SE PIMS and ME PIMS satisfy all pertinent Actuarial Standards of Practice (ASOPs)

6.3.4. Recommendation of any additional industry best practice approaches to support PBGC’s goal of effectively modeling the impact of plan sponsor financial health on PBGC’s insurance programs.

Recommendations should consider and comment on the anticipated value realized by changing assumptions and methods versus the cost and effort to adopt them.

Given the complexities and sophistication of both the PIMS models, the Contractor will have access to PBGC staff throughout the peer review process to collect data and understand the details and rationale behind the models’ assumptions and methodologies.

7.0. Performance Requirement Summary Table

Required Service Performance Standard Acceptable Quality Level (AQL) Monitoring Method

Bi-weekly meetings

Timeliness

Vendor to ask questions to facilitate the review and assessment of models after each meeting in a written format and answer questions from the Program Office.

No deviation.

Bi-weekly meeting with the Program Office (virtual)

Initial Board Representatives Briefings

Quality

PRAD’s feedback to be received, considered, and potentially incorporated in the briefing.

No deviation

Delivery of the presentation and related materials (i.e. deck, draft report, etc.)

Draft Report Delivery

Quality

Feedback from the initial briefing and/or PRAD’s review to be received, considered, and potentially incorporated in the report.

No more than five (5) iterations of revisions.

Confirmation of receipt by the Program Office and/or COR

Final Report Delivery

Quality

Feedback from the initial briefing and/or PRAD’s review to be received, considered and potentially incorporated in the report.

No more than five (5) iteration of revisions.

Confirmation of receipt by the Program Office and/or COR

Final Board Representatives Briefings

Quality

Feedback from the final briefing and/or PRAD’s review to be received, considered and potentially incorporated in the final report.

No deviation.

Delivery of the presentation and related materials (i.e. deck, final report, etc.)

8.0. Deliverables

Over the course of the review, the Contractor will lead bi-weekly meetings with PBGC staff to discuss observations and ongoing results as they unfold. The Contractor should anticipate an initial briefing of PBGC Board staff within 4 weeks after onboarding. The Contractor will prepare and submit a draft report summarizing the results of the analysis. Upon discussion and incorporation of PBGC’s comments on the draft report, the Contractor will prepare and submit a final report. The final report shall summarize the analysis, findings, and recommendations for all tasks in Section 6 above. Upon conclusion of the review, the Contractor will also lead a presentation to PBGC Board Representatives to present final observations and recommendations. The anticipated timing of the stages of this peer review is as follows:

Stages of Peer Review Approximate Timing

Contractor Team Onboarding 4 weeks from contract award

Lead Briefings of PRAD Staff Biweekly every 2 weeks after onboarding

Initial Board Representatives Briefing 4 weeks after onboarding Review and assessment of models including the development of observations and recommendations and the delivery of a draft report 16 weeks from completion of onboarding

Discussions and incorporation of comments received on draft report and submission of final report 2 weeks

Scheduling and presentation of final report to Board Representatives 2 weeks Total estimated contract engagement 24 weeks

9.0. Applicable Documents

Additional information on SE-PIMS and ME-PIMS, including copies of recent PIMS Peer Review reports and detailed descriptions of the models, can be found at the following link:

• Pension Insurance Modeling System (PIMS) | Pension Benefit Guaranty Corporation

In addition, note the following resources:

• Summaries of assumptions and methods associated with SE and ME models, located in the Appendices to the annual fiscal year Projections Reports: https://www.pbgc.gov/about/projections-report

• Additional information on SE-PIMS and ME-PIMS, including copies of recent PIMS Peer Review reports and detailed descriptions of the models, can be found at the following link:

https://www.pbgc.gov/about/reports/pension-insurance-modeling-system

10.0. Key Personnel

The onus is on the contractor to determine the key personnel roles to assign to this contract. Collectively, the quoted key personnel shall meet or exceed the following requirements:

a. At least one of the key personnel shall have significant experience working with single-employer pension plans, and thereby possess the training and experience necessary to review the framework of the credit rating transition model used in the SE-PIMS model and whether it reasonable reflects the potential risks posed by changes in the economy and financial health of plan sponsors.

b. At least one of the key personnel shall have significant experience working with multiemployer pension plans, and thereby possess the training and experience necessary to review and assess whether the ME- PIMS model framework for projecting plan contribution and withdrawal liability income reasonably reflects the potential risks posed by changes in the financial health of industries and large individual contributing employers. This includes possessing strong background about the key factors influencing projected changes to these items.

c. At least one of the key personnel shall have 15+ years of statistical, econometric, and/or stochastic modeling experience including expertise in credit and default modeling.

d. The key personnel may include economists, data scientists, statisticians, and credentialed actuaries

(minimum qualifications of Enrolled Actuary and Associate of the Society of Actuaries with 15+ years of pension experience).

Section 3 - Attachments and Exhibits

Attachments and Exhibits

Attachment Number Title Date

RFO 52.203-12 Limitation on Payments to Influence Certain Federal Transactions. (JUN 2020)

52.204-7 System for Award Management-Registration. (NOV 2024) (Deviation FEB 2026)

52.204-13 System for Award Management-Maintenance. (OCT 2018) (Deviation FEB 2026)

52.222-90 Addressing DEI Discrimination by Federal Contractors (DEVIATION APR 2026)

RFO 52.227-14 Rights in Data-General. (MAY 2014)

RFO 52.232-39 Unenforceability of Unauthorized Obligations. (JUN 2013)

PBGC PBGC 52.022-7001 Ending Illegal Discrimination and Restoring Merit-Based Opportunity (APR 2026)

The Contractor shall comply with all applicable Federal anti-discrimination laws. The Contractor's compliance is material to the Government’s payment decisions for purposes of section 3729(b)(4) of title 31, United States Code, and certifies that it does not operate any programs promoting Diversity, Equity and Inclusion (DEI) that violate any applicable Federal anti-discrimination laws.

PBGC PBGC 52.201-7000 Contracting Officer's Representative (JUN 2017)

The Contracting Officer's Representative (COR) is [ ] who may be reached at [ ]. The COR is authorized to assist the Contracting Officer in monitoring the work under this contract. The COR is responsible for the technical administration of the contract and is PBGC's technical liaison with the contractor. The COR is NOT authorized to change the scope of work or specifications as stated in the contract, to make any commitments or otherwise obligate the Government, or authorize any changes which affect the contract price, delivery schedule, period of performance, or other terms or conditions. The Contracting Officer is the only individual who can legally commit or obligate the Government for the expenditure of public funds.

The technical administration of this contract shall not be construed to authorize the revision of the terms and conditions of this contract. Any such revision must be authorized in writing by the Contracting Officer.

The COR is authorized to review and recommend approval of: (a) technical matters not involving a change in scope, price, or terms and conditions of the contract, (b) progress reports (c), inspection and acceptance of services and deliverable products, and (d) invoices. The COR is not authorized to sign any contractual instruments or to direct any action that results in a change in the scope, price, or terms and conditions of the contract.

PBGC PBGC 52.204-7000 RECORDS MANAGEMENT (SEP 2017)

(a) Applicability

Contractors creating, working with, or otherwise handling Federal records, as defined in paragraph (b), regardless of the medium in which the record exists.

(b) Definitions

"Federal record" as defined in 44 U.S.C. § 3301, includes all recorded information, regardless of form or characteristics, made or received by a Federal agency under Federal law or in connection with the transaction of public business and preserved or appropriate for preservation by that agency or its legitimate successor as evidence of the organization, functions, policies, decisions, procedures, operations, or other activities of the United States Government or because of the informational value of data in them. The term Federal record includes PBGC records but does not include personal materials; applies to records created, received, or maintained by contractors pursuant to their PBGC contract; and may include deliverables and documentation associated with deliverables.

(c) Requirements

(1) Contractor shall comply with all applicable records management laws and regulations, as well as National Archives and Records Administration (NARA) records policies, including but not limited to the Federal Records Act (44 U.S.C. chs. 21, 29, 31, 33), NARA regulations at 36 CFR Chapter XII Subchapter B, and those policies associated with the safeguarding of records covered by the Privacy Act of 1974 (5 U.S.C. 552a), and PBGC Directive IM 15-03, PBGC's Records Management Program. These policies include the preservation of all records, regardless of form or characteristics, mode of transmission, or state of completion.

(2) In accordance with 36 CFR 1222.32, all data created for Government use and delivered to, or falling under the legal control of, the Government are Federal records subject to the provisions of 44 U.S.C. chapters 21, 29, 31, and 33, the Freedom of Information Act (FOIA) (5 U.S.C. 552), as amended, and the Privacy Act of 1974 (5 U.S.C. 552a), as amended and must be managed and scheduled for disposition only as permitted by statute or regulation.

(3) In accordance with 36 CFR 1222.32, contractor shall maintain all records created for Government use or created in the course of performing the contract and/or delivered to, or under the legal control of the Government and must be managed in accordance with Federal law. Electronic records and associated metadata must be accompanied by sufficient technical documentation to permit understanding and use of the records and data.

(4) PBGC and its contractors are responsible for preventing the alienation or unauthorized destruction of records, including all forms of mutilation. Records may not be removed from the legal custody of PBGC or destroyed except for in accordance with the provisions of the agency records schedules and with the written concurrence of the Head of the Contracting Activity. Willful and unlawful destruction, damage or alienation of Federal records is subject to the fines and penalties imposed by 18 U.S.C. 2701. In the event of any unlawful or accidental removal, defacing, alteration, or destruction of records, contractor must report the incident to the PBGC Records Management Officer.

The agency must report promptly to NARA in accordance with 36 CFR 1230.

(5) The contractor is required to obtain the Contracting Officer's approval (with the exception of the initial award) prior to engaging in any contractual relationship (subcontractor) in support of this contract requiring the disclosure of information, documentary material and/or records generated under, or relating to, contracts. The contractor (and any subcontractor) is required to abide by Government and PBGC guidance for protecting sensitive, proprietary information, classified, and controlled unclassified information, as provided in PBGC 52.209-7002, Handling PBGC Data.

(6) The contractor shall only use Government IT equipment for purposes specifically tied to or authorized by the contract and in accordance with PBGC policy.

(7) The contractor shall only use its PBGC e-mail address to conduct business on behalf of PBGC.

(8) The contractor shall not create or maintain any records containing any non-public PBGC information that is not specifically tied to or authorized by the contract. The contractor must protect any such information as provided in PBGC 52.209-7002, Handling PBGC Data.

(9) Any request for information, including by an individual pertaining to that individual, shall be directed to the PBGC Disclosure Officer for processing under the appropriate statutory scheme. Information shall be made available only at the discretion of PBGC's Disclosure Officer and subject to the Freedom of Information Act, 5 U.S.C. Sec. 552, as amended; and any other applicable laws or regulations.

(10) All contractor employees assigned to this contract who create, work with, or otherwise handle records are required to take PBGC-provided records management training. The contractor is responsible for confirming training has been completed according to PBGC policies, including initial training and any annual or refresher training.

(d) Flow down of requirements to subcontractors

(1) The contractor shall incorporate the substance of this clause, its terms and requirements including this paragraph, in all subcontracts under this contract, and require written subcontractor acknowledgment of same.

(2) Violation by a subcontractor of any provision set forth in this clause will be attributed to the contractor.

PBGC PBGC 52.207-7001 CONTRACTOR TELEWORK (MAY 2020)

(a) PBGC contracts may allow for telework, if the type of work and scope of the contract allow the work to be portable, subject to the following requirements and with written approval of the COR:

(b) The Contractor shall have a written telework policy in place to ensure uninterrupted performance of work under this contract, which shall be provided to PBGC upon request. See PBGC telework guidance located on pbgc.gov.

(c) The Contractor shall ensure that work is suitable to be performed at the alternate location, and performance can be tracked and invoiced in accordance with the terms and conditions of the contract. If the Contractor anticipates that contract performance may be affected by permitting telework, such matters must be addressed with the Contracting Officer.

(d) If applicable, the Contractor shall ensure that Confidential Unclassified Information (CUI) or Personally Identifiable Information (PII) are adequately protected in compliance with PBGC's Privacy and Security policies, including applicable contract clauses. Work not performed on PBGC premises shall be performed on the PBGC network to ensure that PBGC data will not be exposed to unauthorized alteration, destruction, or compromise.

(e) Contractor telework performed pursuant to this clause may be revoked without notice. The cost of the contract and work performed will be entirely unaffected by the Contractor personnel teleworking. In no way does this clause materially alter the performance obligations under the contract, including deliverable schedules and minimum service and support obligations.

PBGC PBGC 52.209-7001 ORGANIZATIONAL CONFLICTS OF INTEREST (AUG 2017)

(a) Purpose. The purpose of this clause is to ensure that the contractor (1) is not biased because of its financial, contractual, organizational, or other interests which relate to the work under this contract, and (2) does not obtain any unfair competitive advantage over other parties by virtue of its performance of this contract.

(b) Scope. The restrictions described herein shall apply to performance or participation by the contractor and any of its partners, affiliates or their successors in interest (after this collectively referred to as the "contractor") in the activities covered by this clause as a prime contractor, subcontractor, cosponsor, joint venture, consultant, or in any similar capacity. For the purpose of this clause, affiliation occurs when a business concern is controlled by or has the power to control another or when a third party has the power to control both.

(1) Use of Contractor's Work Product. (i) The contractor shall be ineligible to participate in any capacity in Pension Benefit Guaranty Corporation (PBGC) contracts, subcontracts, or proposals therefor (solicited and unsolicited) which stem directly from the contractor's performance of work under this contract. Furthermore, unless so directed in writing by the Contracting Officer, the contractor shall not perform any advisory and assistance services work under this contract on any of its products or services or the products or services of another firm if the contractor is or has been substantially involved in their development or marketing. Nothing in this subparagraph shall preclude the contractor from competing for follow-on contracts for advisory and assistance services. (ii) If, under this contract, the contractor prepares a complete or essentially complete statement of work or specifications to be used in competitive acquisitions, the contractor is ineligible to perform or participate in any capacity in any contractual effort which is based on such statement of work or specifications. The contractor shall not incorporate its products or services in such statement of work or specifications unless so directed in writing by the Contracting Officer, in which case the restriction in this subparagraph shall not apply.

(iii) Nothing in this clause precludes the contractor from offering or selling its standard commercial items to the Government.

(2) Access to and use of information. (i) If the contractor, in the performance of this contract, obtains access to information, such as Corporate plans, policies, reports, studies, financial plans, internal data protected by the Privacy Act of 1974 (5 U.S.C. 552a), or data which has not been released or otherwise made available to the public, the contractor agrees that without prior written approval of the Contracting Officer it shall not:

(A) use such information for any private purpose unless the information has been released or otherwise made available to the public; (B) compete for work for PBGC based on such information for a period of six months after either the completion of this contract or until such information is released or otherwise made available to the public, whichever is first; (C) submit an unsolicited proposal to the Government which is based on such information until one year after such information is released or otherwise made available to the public; and

(D) release such information unless such information has previously been released or otherwise made available to the public by PBGC. (ii) In addition, the contractor agrees that to the extent it receives or is given access to proprietary data, data protected by the Privacy Act of 1974 or other confidential or privileged technical, business, or financial information under this contract, it shall treat such information in accordance with all restrictions imposed on disclosure and use of such information.

(c) Disclosure after award. (1) The contractor agrees that if changes, including additions, to the facts disclosed by it prior to award of this contract, occur during the performance of this contract, it shall make an immediate and full disclosure of such changes in writing to the Contracting Officer. Such disclosure may include a description of any action which the contractor has taken or proposes to take to avoid, neutralize, or mitigate any resulting conflict of interest. PBGC may, however, terminate the contract for convenience if it deems such termination to be in the best interest of the Government. (2) In the event that the contractor was aware of facts required to be disclosed or the existence of an actual or potential organizational conflict of interest and did not disclose such facts or such conflict of interest to the Contracting Officer, PBGC may terminate this contract for default.

(d) Remedies. For breach of any of the above restrictions or for nondisclosure or misrepresentation of any facts required to be disclosed concerning this contract, including the existence of an actual or potential organizational conflict of interest at the time of or after award, the Government may terminate the contract for default, disqualify the contractor from subsequent related contractual efforts, and pursue such other remedies as may be permitted by law or this contract.

(e) Waiver. Requests for waiver under this clause shall be directed in writing to the Contracting Officer, and shall include a full description of the requested waiver and the rationale supporting the request. If it is determined to be in the best interests of the Government, the Contracting Officer may grant the waiver, after consultation with the PBGC Office of General Counsel.

(f) Subcontracts. (1) The contractor shall include a clause, substantially similar to this clause, including this paragraph (f), in subcontracts expected to exceed the Simplified Acquisition Threshold (SAT). The terms "contract," "contractor," and "Contracting Officer" shall be appropriately modified to preserve the Government's rights. (2) Prior to the award under this contract of any such subcontracts for advisory and assistance services, the contractor shall obtain from the proposed subcontractor or consultant a disclosure of all existing or potential organizational conflicts of interest and shall determine in writing whether the interests disclosed present a significant potential for an organizational conflict of interest. Where an actual or significant potential organizational conflict of interest is identified, the contractor shall take actions to avoid, neutralize, or mitigate the organizational conflict to the satisfaction of the contractor. If the conflict cannot be avoided or neutralized, the contractor must obtain the approval of the Contracting Officer prior to entering into the subcontract.

PBGC PBGC 52.232-7009 SUBMISSION OF ELECTRONIC INVOICING USING INVOICE

PROCESSING PLATFORM (IPP) FOR TIME AND MATERIAL, LABOR-HOURS, AND FIXED

PRICE (APR 2026)

(a) The contractor shall submit invoices for supplies and/or services provided under this contract using the Government's Invoice Processing Platform (IPP) web-based service application. The IPP application is available at www.ipp.gov. This website includes general IPP instructions and training materials. Questions about the IPP application should be directed to the IPP Customer Support team at the e-mail address or phone number shown on the IPP website under the "Contacts" tab.

(b) Inquiries concerning IPP enrollment or PBGC's specific processing requirements within IPP should be directed to PBGC's General Accounting Branch (GAB) by e-mail at invoicemanager@pbgc.gov or by phone at (202) 229-4062.

(c) To constitute a proper invoice, the invoice must include the information listed below:

(1) Name and address of the contractor

(2) Invoice date and number

(3) Contract number, line item number, and, if applicable, the order number

(4) Description, quantity, unit of measure, unit price, and extended price of services performed and any supplies delivered, including: (i) The labor hours by labor category billed, the hourly rate for each labor category billed, and the total dollars billed by labor category for the billing period (meal periods and other labor-hours not directly supporting the contract are not billable) (not applicable to Fixed Price contracts), and (ii) The cumulative hours expended and dollars billed from contract inception through the current billing period (not applicable to Fixed Price contracts);

(5)(a) Shipping number and date of shipment, including the bill of lading number and weight of shipment if shipped on a Government bill of lading (not applicable to TIME and MATERIAL and LABOR HOURS contracts).

(5)(b) Dollar amount withheld unless the contract is for commercial products or services awarded under FAR Part 8 or Part 12. Five percent of the total direct labor billed must be withheld after $1,000,000 has been billed to the contract, up to a ceiling amount of $50,000, unless other terms have been negotiated. If other terms have been negotiated, they must be included in the contract (not applicable to Fixed Price contracts).

(6) Terms of any discount for prompt payment offered.

(7) Name, title, phone number, e-mail address, and mailing address of official to whom payment is to be sent.

(8) Name, title, phone number, e-mail address, and mailing address of official to be contacted in the event of an improper invoice.

(9) Taxpayer Identification Number (TIN), only if required to be on the invoice elsewhere in the contract.

10) Electronic Funds Transfer (EFT) banking information.

(i) The contractor shall include EFT banking information on the invoice only if required elsewhere in this contract.

(ii) If EFT banking information is not required to be on the invoice, in order for the invoice to be a proper invoice, the contractor shall have submitted correct EFT banking information in accordance with the applicable solicitation provision or contract clause (e.g., 52.232-33, Payment by Electronic Funds Transfer - System for Award Management, or 52.232-34, Payment by Electronic Funds Transfer - Other Than System for Award Management).

(iii) EFT banking information is not required if the Government waived the requirement to pay by EFT.

(d) Supporting documentation to be submitted with the invoice must include the items listed below:

(i) Copies of time sheets indicating start and stop times of the personnel performing services under this contract (at PBGC's request, the contractor shall make available copies of any of the materials relevant to substantiating the hours billed) (not applicable to Fixed Price contracts).

(ii) Copies of receipts or bills, and proof of payment for any authorized other direct costs for which the contractor is requesting reimbursement.

(iii) Certification of Compliance. The contractor shall include the following certification and acknowledgement with each invoice submission: [Insert Company Name (Contract No.)] hereby certifies it is in compliance with all applicable Federal anti-discrimination laws and certifies that it does not operate any programs promoting DEI that violate any applicable laws therein. The Contractor acknowledges its compliance is material to the Government’s payment decisions for purposes of section 3729(b)(4) of title 31, United States Code.

(e) Failure of the contractor to submit an invoice to IPP without the supporting documentation as described in Section (d) and the certification required in (d)(iii) will result in invoice rejection.

PBGC PBGC 52.237-7000 KEY PERSONNEL (APR 2018)

PBGC has identified key contractor positions responsible for performance of the services described in the requirements document (e.g., Performance Work Statement or Statement of Work) for the duration of the resulting contract. These key contractor positions are identified below. Upon selection of the successful contractor and preparation of the contract, the contractor personnel proposed for these key contractor positions will be added to this clause for inclusion into the contract.

(a) KEY CONTRACTOR POSITIONS CONTRACTOR PERSONEL IN KEY POSITIONS

(b) The key personnel are essential to successful performance of the contract and will assure consistent management control and direction. The key personnel shall NOT be reassigned or diverted from the contract without prior written approval of the CO. Prior to making any key personnel replacement, the contractor shall provide 30 calendar days advance notification to the CO, including justification for the replacement and resume of the proposed replacement. This is necessary to permit the Government to review the qualifications of the replacement, assess the impact to the program, and approve or reject the replacement. Failure of the contractor to obtain advance approval of the CO prior to reassigning or diverting key personnel may result in the negotiation of consideration for replacement of key personnel or termination of the contract.

PBGC PBGC 52.237-7001 EDUCATION AND EXPERIENCE QUALIFICATIONS (DEC 2014)

The contractor shall provide personnel that meet or exceed the minimum education and/or experience qualifications specified in this contract. By assigning an employee to work under this contract, the contractor confirms each employee's education and experience has been independently verified (i.e., education verified by corresponding college or university and experience verified by corresponding companies). The Government shall have the right to verify contractor employee's education and experience and review contractor records documenting that independent education and experience verification has been conducted. Contractor records documenting such verification of employee education and experience requirements shall be provided to the Contracting Officer's Representative (COR) annually and retained by the contractor for Government inspection for a period of not less than three years after final payment under the contract.

If determined by the Contracting Officer that contractor personnel do not meet minimum contract education and/or experience qualifications, the Contracting Officer may direct the contractor to remove the employees from the contract or allow continued performance under the contract. In either situation, the Contracting Officer may negotiate consideration from the contractor for the work performed and/or for continued performance by the personnel.

PBGC PBGC 52.237-7008 OBSERVANCE OF LEGAL HOLIDAYS (OCT 2018)

(a) The contractor shall establish a holiday schedule for personnel performing under this contract that exactly coincides with the Government's holiday schedule. Holidays peculiar to or dynamically declared by the Government shall be considered as holidays for contractor personnel and are not billable unless work is actually performed on these days. No work will be performed by contractor personnel on Government holidays without prior approval of the Contracting Officer's Representative. Work performed on holidays shall be billable at the regular rate.

(b) Government holidays are: (1) New Year's Day, (2) Martin Luther King, Jr. Day, (3) President's Day, (4) Memorial Day, (5) Independence Day, (6) Labor Day, (7) Columbus Day, (8) Veteran's Day, (9 Thanksgiving Day, (10) Christmas Day, (11) any other day designated by Federal statute,

(12) any other day designated by Executive Order, and (13) any other day designated by the President's proclamation.

PBGC PBGC 52.239-7000 SECTION 508 ACCESSIBILITY STANDARDS (MAR2020)

(a) The Pension Benefit Guaranty Corporation (PBGC) is required by Section 508 of the Rehabilitation Act of 1973, as amended (29 U.S.C. 794d), to insure that all information and communication technology (ICT), also referred to as electronic and information technology (EIT), is accessible to individuals with disabilities within its employment and for all members of the public with disabilities who are seeking to do business with the PBGC. Access must be comparable to that which is offered to similar individuals who do not have disabilities.

(b) The Section 508 accessibility standards have been prescribed by the Architectural and Transportation Barriers Compliance Board ("Access Board") and incorporated in the Federal Acquisition Regulation. (See http://www.access-Board.gov/sec508/508standards.htm and 36 CFR 1194.) These same accessibility standards have been approved by the PBGC Technical Review Board and adopted by the PBGC Office of Information Technology Governance and Compliance Board.

(c) All ICT/EIT procured through this contract must meet the applicable accessibility standards which have been promulgated by the Access Board and adopted by the PBGC. Further information on the applicable accessibility standards can be found in the Requirements Section of this solicitation and the resulting contract.

(d) All contract deliverables must conform to the applicable Section 508 accessibility standards as specified in the Requirements Section of this solicitation and the resulting contract.

(e) Contract deliverables will not be accepted as final deliverables until the contractor demonstrates to the Contracting Officer's Representative (COR) that the deliverables comply with the applicable Section 508 accessibility standards. In the event of a dispute between the contractor and the COR as to whether the contract deliverables satisfy the accessibility standards, the COR's written assessment of Section 508 compliance will control. The contractor shall make all additional changes to the contract deliverables required by the COR's written assessment at no additional charge to PBGC.

(f) The contractor shall ensure maintenance upgrades, substitutions, and replacements to equipment and software pursuant to this contract do not reduce the original level of conformance with the applicable Section 508 standards at the time of contract award. PBGC reserves the right to evaluate upgrades, replacements, and substitutions using a Voluntary Product Accessibility Template or requiring test units to perform hands-on Section 508 and accessibility testing before final acceptance. The contractor shall not reduce the currently applicable Section 508 standards unless prior to award of the contract the Government has proven an Undue Burden or Non- Availability Determination.

PBGC PBGC 52.224-7000 Handling PBGC DATA (JUN 2026)

(a) To the extent that the work under this contract may give the Contractor access to PBGC data, which includes Controlled Unclassified Information (CUI) and Uncontrolled Unclassified Information (UUI), the Contractor shall take measures necessary to restrict access to and safeguard such data from unauthorized use and disclosure.

(b) Definitions

(1) “Access” means the ability to retrieve, modify, copy, or move data from PBGC premises and Information Technology (IT) systems as an authorized user.

(2) “Contractor” and “Subcontractor” shall include any officer, partner, employee, or…