Task Order 1 for IPVFB-Rev 1-20-12.doc

Attachment E Solicitation No. PBGC01-RP-11-0019

Sample Task Order 1

Task Order 1: Actuarial Expertise to Support Business Operations Performance Work Statement

1.0 Purpose

The purpose of this Performance Work Statement is to establish a task order as part of the Actuarial Expertise and Systems Support contract vehicle, to obtain on-site actuarial expertise to sustain business operations in support of the development, operation and evaluation of PBGC’s Integrated Present Value of Future Benefits (IPVFB) application and related tasks.

2.0 Scope of Work

PBGC currently calculates the Present Value of Future Benefits (PVFB) each fiscal year as of four dates: December 31, March 31, June 30, and September 30. The September 30 valuation is the most important of the four, because it is the fiscal year-end valuation. The December 31 valuation is not as extensive as the other valuations. PBGC conducts all valuations under strict and often demanding schedules (including weekends) which PBGC must meet. The calculation of the PVFB includes the use of actuarial knowledge, PBGC’s IPVFB application and any other information and data required to properly calculate the PVFB.

The contractor shall provide actuarial expertise as needed in support of the Operations and Maintenance as required in Task Order 2.

The contractor shall provide onsite support to facilitate the completion of the PVFB valuation process in a timely and successful manner. Examples of such support are:

a. correcting unforeseen IPVFB system problems that impede the timely completion of the PVFB process;

b. checking and resolving anomalous results given by the IPVFB system;

c. giving expert advice regarding IPVFB operational problems as they occur;

d. providing any approved support necessary to complete the PVFB process in timely manner;

e. providing regular progress reports (both oral and written) to management, weekly or as required.

3.0 Performance Measures

TBD

PBGC will use the agreed upon performance measures to evaluate the contractor’s performance in meeting the scope and objectives of the task order.

4.0 Period of Performance

The Period of Performance will be for 1 year from the contract start date.

PBGC Ver. 1.0