RFP 60RRBH26R0002 Actuarial Audit Services OIG.pdf

Document Number: 60RRBH26R0002 PROCESSED Page 1 of 38

SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS

OFFEROR TO COMPLETE BLOCKS 12, 17, 23, 24 & 30

1. REQUISITION NUMBER PAGE 1 OF

5. SOLICITATION NUMBER

60RRBH26R0002

2. CONTRACT NO. 3. AWARD/EFFECTIVE DATE 4. ORDER NUMBER 6. SOLICITATION ISSUE

DATE

03/05/2026

7. FOR SOLICITATION

INFORMATION CALL:

a. NAME Hasael Roman

b. TELEPHONE NUMBER (No collect calls) 312-751-4397

8. OFFER DUE DATE / LOCAL

TIME

04/03/2026

13:00 CT

CODE 60RRBH

Acquisition Management U.S. Railroad Retirement Board Acquisition Management Division 844 North Rush Street Chicago, IL 60611-1275

9. ISSUED BY X UNRESTRICTED OR SET ASIDE: % FOR

SMALL BUSINESS

HUBZONE SMALL

BUSINESS

SERVICE-DISABLED

VETERAN-OWNED

SMALL BUSINESS

WOMEN-OWNED SMALL BUSINESS (WOSB)

ELIGIBLE UNDER THE WOMEN-OWNED

SMALL BUSINESS PROGRAM

EDWOSB

8(A)

NAICS:

SIZE STANDARD: $15,000,000

10. THE ACQUISITION IS

SEE

SCHEDULE

11. DELIVERY FOR FOB DESTINATION

UNLESS BLOCK IS MARKED 0 Days: 0.00 %

0 Days: 0.00 % 0 Days: 0.00 % 0 Days: 0.00 %

12. DISCOUNT TERMS

13a. THIS CONTRACT IS

RATED ORDER UNDER DPAS

(15 CFR 700)

13b. RATING

RFQ IFB X RFP

14. METHOD OF SOLICITATION

013CODE15. DELIVER TO

OFFICE OF INSPECTOR GENERAL

US RAILROAD RETIREMENT BOARD

844 N RUSH ST., 4TH FLOOR

CHICAGO, IL 60611

CODE 03916. ADMINISTERED BY

U.S.RAILROAD RETIREMENT BOARD

ACQUISITION MANAGEMENT

844 N. RUSH ST., 9TH FL.

CHICAGO, IL 60611

FACILITY

CODE

CODE

Telephone No.

17a. CONTRACTOR/

OFFEROR

039CODE18a. PAYMENT WILL BE MADE BY

U.S. RAILROAD RETIREMENT BOARD

FISCAL OPERATIONS

844 N RUSH ST., 5TH FLOOR

CHICAGO, IL 60611

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

OFFER SEE ADDENDUM

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

CHECKED

19. ITEM NO. 20. SCHEDULE OF SUPPLIES/SERVICES

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

21. QUANTITY 22. UNIT 23. UNIT PRICE 24. AMOUNT

See Lines

25. ACCOUNTING AND APPROPRIATION DATA 26. TOTAL AWARD AMOUNT (For Govt. Use Only)

X 27a. SOLICITATION INCORPORATES BY REFERENCE FAR 52.212-1, 52.212-4. FAR 52.212-3 AND 52.212-5 ARE ATTACHED. ADDENDA ARE X ARE NOT ATTACHED

27b. CONTRACT/PURCHASE ORDER INCORPORATES BY REFERENCE FAR 52.212-4. FAR 52.212-5 IS ATTACHED. ADDENDA ARE ARE NOT ATTACHED

28. CONTRACTOR IS REQUIRED TO SIGN THIS DOCUMENT AND RETURN ____ COPIES TO

ISSUING OFFICE. CONTRACTOR AGREES TO FURNISH AND DELIVER ALL ITEMS SET FORTH

OR OTHERWISE IDENTIFIED ABOVE AND ON ANY ADDITIONAL SHEETS SUBJECT TO THE

TERMS AND CONDITIONS SPECIFIED.

29. AWARD OF CONTRACT: REF. _____________________________ OFFER

DATED _________________ . YOUR OFFER ON SOLICITATION (BLOCK 5)

INCLUDING ANY ADDITIONS OR CHANGES WHICH ARE SET FORTH HEREIN,

IS ACCEPTED AS TO ITEMS:

30a. SIGNATURE OF OFFEROR/CONTRACTOR 31a. UNITED STATES OF AMERICA (SIGNATURE OF CONTRACTING OFFICER)

30b. NAME AND TITLE OF SIGNER (TYPE OR PRINT) 30c. DATE SIGNED 31b. NAME OF THE CONTRACTING OFFICER (TYPE OR PRINT) George Keesee

31c. DATE SIGNED

AUTHORIZED FOR LOCAL REPRODUCTION

PREVIOUS EDITION IS NOT USABLE

STANDARD FORM 1449 (REV. 02/2012)

Prescribed by GSA - FAR (48 CFR) 53.212

Document Number: 60RRBH26R0002 PROCESSED Page 2 of 38

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE

24.

AMOUNT

32a. QUANTITY IN COLUMN 21 HAS BEEN

RECEIVED INSPECTED ACCEPTED, AND CONFORMS TO THE CONTRACT, EXCEPT AS NOTED: _________________________________

32b. SIGNATURE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32c. DATE 32d. PRINTED NAME AND TITLE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32e. MAILING ADDRESS OF AUTHORIZED GOVERNMENT REPRESENTATIVE 32f. TELEPHONE NUMBER OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32g. E-MAIL OF AUTHORIZED GOVERNMENT REPRESENTATIVE

PARTIAL FINAL

33. SHIP NUMBER 34. VOUCHER NUMBER 35. AMOUNT VERIFIED

CORRECT FOR

COMPLETE PARTIAL FINAL

36. PAYMENT 37. CHECK NUMBER

38. S/R ACCOUNT NUMBER 39. S/R VOUCHER NUMBER 40. PAID BY

41a. I CERTIFY THIS ACCOUNT IS CORRECT AND PROPER FOR PAYMENT 42a. RECEIVED BY (Print)

41b. SIGNATURE AND TITLE OF CERTIFYING OFFICER 41c. DATE

42b. RECEIVED AT (Location)

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

STANDARD FORM 1449 (REV. 02/2012) BACK

Document Number: 60RRBH26R0002 PROCESSED Page 3 of 38

Table of Contents

Section Description Page Number

I Introduction Background and Objectives

II Schedule of Supplies and Services Contractor Information for Order Administration

III Statement of Work SOW for Actuarial Audit Services

IV General Terms and Conditions 52.252-1 Solicitation Provisions Incorporated by Reference (Feb 1998) RRB.A.05 A. General RRB Provision-5.Post award meeting RRB.A.07 A. General RRB Provision-7.The Role of Government Personnel and Responsibility for Contract Administration 52.209-5 Certification Regarding Responsibility Matters (Aug 2020) 52.215-6 Place of Performance (Oct 1997) 52.228-5 Insurance-Work on a Government Installation (Jan 1997) 52.204-9 Personal Identity Verification of Contractor Personnel (Jan 2011) 52.224-1 Privacy Act Notification (Apr 1984) 52.224-2 Privacy Act (Apr 1984) RRB.B.01 B. Security Provisions-1.Security Information RRB.B.03 B. Security Provisions-3.Additional Security Requirements 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders- Commercial Products and Commercial Services (Jan 2025) 52.216-1 Type of Contract (Apr 1984) 52.232-18 Availability of Funds (Apr 1984) 52.232-19 Availability of Funds for the Next Fiscal Year (Apr 1984) 52.217-8 Option to Extend Services (Nov 1999) Audit of Records 52.217-9 Option to Extend the Term of the Contract (Mar 2000) 52.204-13 System for Award Management Maintenance (Oct 2018) RRB.A.03 A. General RRB Provision-3.Billing RRB.A.06 A. General RRB Provision-6.Notice of Intent to Withhold Payment RRB.B.02 B. Security Provisions-1. Privacy Or Security Safeguards (AUG 1996) FAR 52.239-1 (with RRB Fill-ins) RRB.A.12 A. Executive Order 14208, "Ending Procurement and Forced Use of Paper Straws" RRB.A.13 Payment and Schedule for Invoices

RRB.00 SIMPLIFIED ACQUISITION ORDER TERMS AND CONDITIONS

52.233-2 Service of Protest (Sept 2006)

V Proposal Submission Instructions RRB Supplement to FAR 52.212-1 Instructions to Offerors

VI Evaluation and Award RRB Supplement to FAR 52.212-2 Evaluation of Offers

Document Number: 60RRBH26R0002 PROCESSED Page 4 of 38

Section I - Introduction

Background and Objectives

A. Agency Information:

1. The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the Federal government. The RRB’s primary function is to administer comprehensive retirement, survivor, unemployment and sickness insurance benefit programs for railroad workers and their families under the Railroad Retirement Act and the Railroad Unemployment Insurance Act. These programs provide income protection during old age in the event of disability, death, temporary unemployment, and sickness. The RRB has a long history of providing excellent customer service to its annuitants and is committed to paying the right benefits to the right people, in the right amounts, in a timely manner. The RRB also administers aspects of the Medicare program and has administrative responsibilities under the Social Security Act and Internal Revenue Code.

2. The RRB Office of Inspector General (OIG) conducts independent audits, management reviews and investigations of the programs and operations of the Railroad Retirement Board. The OIG provides recommendations for improvement to agency management to promote efficiency and economy, and identifies fraud and abuse in agency programs and operations. The RRB OIG is collocated with the RRB Headquarters Facility in Chicago IL.

B. Objectives: The OIG of the RRB seeks to procure services to assist the OIG with its annual actuarial audit of the RRB's financial statements, as specified in Sections II and III below.

C. Questions pertaining to this solicitation must be submitted in writing and received by this office in sufficient time to allow the timely transmission of written answers by solicitation amendment. To ensure this, the RRB will only answer questions received in this office no later than 1:00 PM, Central Time (CT), March 23, 2026. Questions shall be sent to proposals@rrb.gov and the email subject line must reference the RFP number of this solicitation. Offers are due no later than 1:00 PM (CT), April 3rd, 2026, and shall be submitted to proposals@rrb.gov.

D. Offerors must state in the e-mail subject line, for submission of proposals, "Proposal submission for RFP 60RRBH26R0002, Actuarial Audit Services”.

Document Number: 60RRBH26R0002 PROCESSED Page 5 of 38

Section II - Schedule of Supplies and Services

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0001 Advisory Services

Firm Fixed Price

PSC: R499

0.000000 JOB

Period of Performance: 05/01/2026 - 10/31/2026

Description: Actuarial Audit Services. Base Period. Offerors/Vendors DO NOT insert pricing In this base CLIN No. 0001.

Per section II and V instructions only insert : "Unit Prices" and extended or “Total” pricing in those respective columns for the AA and AB sub-CLINs to this base CLIN.

See SOW Section III for services and deliverable requirements.

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0001AA Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2026 - 10/31/2026

Description: Actuarial Audit Services and the Draft Written Report for the 0001AA sub-CLIN. Base Period.

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Base Period.

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0001AB Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2026 - 10/31/2026

Description: Actuarial Audit Services and the Final Written Report for the 0001AB sub-CLIN. Base Period.

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Base Period.

Pricing Options: Base

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0002 Advisory Services

Firm Fixed Price

PSC: R499

0.000000 JOB

Period of Performance: 05/01/2027 - 10/31/2027

Description: Actuarial Audit Services. Option Period Number one (1). Offerors/Vendors DO NOT insert pricing In this base CLIN No.

0002.

Per section II and V instructions only insert : "Unit Prices" and extended or “Total” pricing in those respective columns for the AA and AB sub-CLINs to this base CLIN.

See SOW Section III for services and deliverable requirements.

Document Number: 60RRBH26R0002 PROCESSED Page 6 of 38

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0002AA Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2027 - 10/31/2027

Description: Actuarial Audit Services and the Draft Written Report for the 0002AA sub-CLIN. Option Period One (1).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period One (1).

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0002AB Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2027 - 10/31/2027

Description: Actuarial Audit Services and the Final Written Report for the 0002AB sub-CLIN. Option Period One (1).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period One (1).

Pricing Options: Option

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0003 Advisory Services

Firm Fixed Price

PSC: R499

0.000000 JOB

Period of Performance: 05/01/2028 - 10/31/2028

Description: Actuarial Audit Services. Option Period Number Two (2). Offerors/Vendors DO NOT insert pricing In this base CLIN No.

0003.

Per section II and V instructions only insert : "Unit Prices" and extended or “Total” pricing in those respective columns for the AA and AB sub-CLINs to this base CLIN.

See SOW Section III for services and deliverable requirements

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0003AA Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2028 - 10/31/2028

Description: Actuarial Audit Services and the Draft Written Report for the 0003AA sub-CLIN. Option Period Two (2).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Two (2).

Document Number: 60RRBH26R0002 PROCESSED Page 7 of 38

0003AB Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2028 - 10/31/2028

Description: Actuarial Audit Services and the Final Written Report for the 0003AB sub-CLIN. Option Period Two (2).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Two (2).

Pricing Options: Option

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0004 Advisory Services

Firm Fixed Price

PSC: R499

0.000000 JOB

Period of Performance: 05/01/2029 - 10/31/2029

Description: Actuarial Audit Services. Option Period Number Three (3). Offerors/Vendors DO NOT insert pricing In this base CLIN No.

0004.

Per section II and V instructions only insert : "Unit Prices" and extended or “Total” pricing in those respective columns for the AA and AB sub-CLINs to this base CLIN.

See SOW Section III for services and deliverable requirements.

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0004AA Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2029 - 10/31/2029

Description: Actuarial Audit Services and the Draft Written Report for the 0004AA sub-CLIN.Option Period Three (3).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Three (3).

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0004AB Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2029 - 10/31/2029

Description: Actuarial Audit Services and the Final Written Report for the 0004AB sub-CLIN. Option Period Three (3).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Three (3).

Pricing Options: Option

Document Number: 60RRBH26R0002 PROCESSED Page 8 of 38

0005 Advisory Services

Firm Fixed Price

PSC: R499

0.000000 JOB

Period of Performance: 05/01/2030 - 10/31/2030

Description: Actuarial Audit Services. Option Period Number Four (4). Offerors/Vendors DO NOT insert pricing In this base CLIN No.

0005.

Per section II and V instructions only insert : "Unit Prices" and extended or “Total” pricing in those respective columns for the AA and AB sub-CLINs to this base CLIN.

See SOW Section III for services and deliverable requirements.”

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0005AA Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2030 - 10/31/2030

Description: Actuarial Audit Services and the Draft Written Report for the 0005AA sub-CLIN. Option Period Four (4).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Four (4).

Number Supplies or Services Qty Unit Unit Price Total (Inc. disc., tax, and fees)

0005AB Advisory Services

Firm Fixed Price

PSC: R499

1.000000 JOB

Period of Performance: 05/01/2030 - 10/31/2030

Description: Actuarial Audit Services and the Final Written Report for the 0005AB sub-CLIN. Option Period Four (4).

See SOW Section III.

Offerors shall enter a firm fixed price above to provide Actuarial Audit services for the Option Period Four (4).

Pricing Options: Option

Contractor Information for Order Administration

A. This solicitation provides for both base period services and optional period services, and upon contract award the contractor shall devote efforts to accomplish all base period services as set forth in section III, Statement of Work. The contractor shall not begin performance of optional services until the OIG or the RRB onsite procurement agent advises the contractor in writing of its decision to exercise its option for such services.

B. Offeror must provide a Firm-fixed price quote, “fully loaded”, in Section II, in the block entitled Unit Price & Total, Above, for sub-CLINs 0001AA & AB thru 0005AA & AB to provide required services, as specified in this solicitation, (see section III, Statement of Work, below). The RRB describes “fully loaded” as the price inclusive of direct wage, fringe benefits, all overheads, general and administrative (G&A) cost, profit and fees, and all travel and per diem costs, (per current federal per diem rates), for the Contractor’s employees to perform the required services as stated in Section III. Offeror must also complete sections E and F, below.

Document Number: 60RRBH26R0002 PROCESSED Page 9 of 38

C. Unbalanced offers: Offerors are cautioned that any offer may be rejected as nonresponsive if it is materially unbalanced as to prices for the initial and optional services. An offer is considered unbalanced when it is based on prices that are significantly less than cost for some work and prices that are significantly overstated for other work.

D. Price quotation is valid thru ______ / ______ 2026. (120-180 days from the date of offer, unless otherwise stated).

1. Business Size: ________________________________

2. Federal Tax Id. No: ________________________________ Submit on an IRS Form W9 with offer.

3. DUNs No: ________________________________

4. Remit Address: ________________________________

5. Authorized Representatives:

Business: Technical:

Name: __________________ ___________________ Phone: __________________ ___________________ Fax: __________________ ___________________ E-Mail: __________________ ___________________

6. System for Award Management (SAM) Registration Completed: Yes [] No [].

PERIOD OF PERFORMANCE

ITEM START END

0001 05/01/2026 10/31/2026

0001 AA 05/01/2026 10/31/2026

0001 AB 05/01/2026 10/31/2026

0002 05/01/2027 10/31/2027

0002 AA 05/01/2027 10/31/2027

0002 AB 05/01/2027 10/31/2027

0003 05/01/2028 10/31/2028

0003 AA 05/01/2028 10/31/2028

0003 AB 05/01/2028 10/31/2028

0004 05/01/2029 10/31/2029

0004 AA 05/01/2029 10/31/2029

0004 AB 05/01/2029 10/31/2029

0005 05/01/2030 10/31/2030

0005 AA 05/01/2030 10/31/2030

0005 AB 05/01/2030 10/31/2030

Document Number: 60RRBH26R0002 PROCESSED Page 10 of 38

Section III - Statement of Work

SOW for Actuarial Audit Services

This Statement of Work (SOW) provides the tasks the Contractor shall perform in accordance with this SOW. When mutually executed for implementation, this SOW becomes contractually binding on the Contractor and the RRB under the terms and conditions of the Contract from the Contract award date until the RRB receives the final deliverable.

A. Introduction and Background Standards and Standards for Financial Statements

1. The RRB publishes financial statements in its annual Performance and Accountability Report, the form and content of which is mandated by the Office of Management and Budget (OMB). The agency prepares its financial statements from the books and records of the RRB in accordance with U.S. generally accepted accounting principles (GAAP). The American Institute of Certified Public Accountants (AICPA) recognized the Statements of Federal Financial Accounting Standards (SFFAS) promulgated by the Federal Accounting Standards Advisory Board (FASAB) as GAAP for Federal government entities. The OIG issues its opinion on these financial statements.

2. During fiscal year 2025, the Railroad Retirement program paid over $14.6 billion in benefits and reported approximately $37.6 billion in assets at fiscal year-end. The RRB's financial statements for the fiscal year ending September 30, 2025 reported total financing sources in excess of $15.0 billion which it received primarily from payroll taxes and the financial interchange with the Social Security Administration. The bulk of the RRB's financing sources are expended on benefits for railroad workers and beneficiaries.

3. The agency’s fiscal year 2025 financial statements reported intragovernmental assets of approximately $8.6 billion that were comprised primarily of investments with the Treasury and receivables from the Social Security Administration for the financial interchange. The balance of the Railroad Retirement program’s assets, approximately $28.9 billion, were held on behalf of the RRB and invested by the National Railroad Retirement Investment Trust (NRRIT). The NRRIT prepares and publishes financial reports separate from the RRB.

4. Statement of Social Insurance -

The statement of social insurance is a comparative financial statement comprised of estimates of income and expenditures for a 75-year period for the railroad retirement program. The required notes to the statement of social insurance include significant underlying assumptions, fund balances as of the valuation date for each of the years presented, and identifies the elements of the closed group estimate.

5. Requirement for a Statement of Social Insurance -

a. SFFAS #17, as amended, requires Federal agencies that are responsible for social insurance programs to present a statement of social insurance as one of its audited financial statements. SFFAS #17 specifically identifies the Railroad Retirement program as a social insurance program subject to this reporting requirement.

b. The information required by paragraphs 27(3) and 32(3) of SFFAS #17 and paragraphs 28 and 29 of SFFAS #37 are presented in a basic financial statement. The underlying significant assumptions are included in the notes that are presented as an integral part of the basic financial statement. Other information required by SFFAS #17, including the sensitivity analysis required in SFFAS #17, paragraphs 27(4) and 32(4), is presented as required supplementary information (RSI). The Railroad Retirement programs should provide sensitivity analysis to the open group measure presented in the Statement of Social Insurance summary. Appropriate considerations include future trends, the utility of the information to the users and policy-makers, and the relative burden on the component entity resources. Providing analysis or disclosure for one or more periods will not imply that such analysis or disclosure is appropriate in the future, although the reasons for discontinuing a particular sensitivity analysis should be addressed in the annual report. The entity should state that the amounts of the closed and open group measure depend on the assumptions used and that actual experience is likely to differ from the estimate.

6. Statement of Changes in Social Insurance Amounts (SCSIA) -

Document Number: 60RRBH26R0002 PROCESSED Page 11 of 38

The SCSIA presents the Net Present Value of future revenue less future expenditures for current and future participants (the “open group”) over the next 75 years for the beginning and the end of the prior two reporting period years. The SCSIA is required to show the changes in social insurance amounts for a two-year period.

7. Requirement for a Statement of Changes in Social Insurance Amounts -

SFFAS #37 requires Federal agencies that are responsible for social insurance programs to prepare a statement of changes in social insurance amounts to present the reasons for changes during the reporting period in the open group measure reported on the statement of social insurance.

8. Preparation of the Statement of Social Insurance -

The RRB’s Bureau of the Actuary and Research prepares the agency’s statement of social insurance. The statement of social insurance is based on the periodic actuarial valuation of the assets and liabilities, also prepared by the agency’s Bureau of the Actuary and Research. The Bureau of the Actuary and Research publishes a new actuarial valuation every three years. This triennial valuation, which is updated during each of the two interim years, supports agency reporting responsibilities under the following statutes:

a. Section 15 of the Railroad Retirement Act of 1974 requiring the Railroad Retirement Board, at intervals of not more than three years, to prepare actuarial valuations of the railroad retirement system;

b. Section 22 of the Railroad Retirement Act of 1974 requiring the Railroad Retirement Board to prepare an annual report containing a five-year projection of revenues to and payments from the Railroad Retirement Account, and to submit the report to the President and the Congress by July 1; and c. Section 502 of the Railroad Retirement Solvency Act of 1983 requires the Railroad Retirement Board to prepare an annual report on the actuarial status of the Railroad Retirement program.

9. Actuarial Advisory Committee -

Section 15(f) of the Railroad Retirement Act requires that the triennial valuation process include review of assumptions and methods by the agency’s Actuarial Advisory Committee. The committee’s statement is published with the valuation and describes the scope of their work.

B. Basis of Estimates The statement of social insurance is a comparative statement that presents data for the current and four prior years. The estimates and projections in the statement of social insurance are based on the triennial valuation of assets and liabilities of the Railroad Retirement program prepared by the RRB’s Bureau of the Actuary and Research.

Year For Which Estimates Will Be Reported

Base Actuarial Valuation Updates

Reporting Period Year 2025 Valuation Model supporting 29th Actuarial Valuation

Updated for use in preparing the June 2025 Section 502 Report.

Reporting Period Year 2026 Valuation Model supporting 29th Actuarial Valuation

Updated for use in preparing the June 2026 Section 502 Report.

Reporting Period Year 2027 Valuation Model supporting 30th Actuarial Valuation

Not Applicable. The triennial valuation serves as the annual report required by Section 502 of the Railroad Retirement Solvency Act of 1983.

Reporting Period Year 2028 Valuation Model supporting 30th Actuarial Valuation

Updated for use in preparing the June 2028 Section 502 Report.

Reporting Period Year 2029 Valuation Model supporting 30th Actuarial Valuation

Updated for use in preparing the June 2029 Section 502 Report.

Reporting Period Year 2030 Valuation Model supporting 31st Actuarial Valuation

Not Applicable. The triennial valuation serves as the annual report required by Section 502 of the Railroad Retirement Solvency Act of 1983.

C. Scope of Work

Document Number: 60RRBH26R0002 PROCESSED Page 12 of 38

1. The contractor shall provide all services, personnel, facilities, equipment, and materials necessary to perform the work described by this statement of work.

2. The contractor shall agree to let the OIG conduct an annual onsite quality review conducted in May/June of each year. The contractor shall also prepare and provide to OIG auditors an annual workplan and an annual required activity checklist. The contractor shall also provide documents based upon an agreed upon deliverable schedule as required by OIG auditors. The contractor shall provide both the initial and, upon exercise by RRB OIG, the optional services described in this RFP.

3. FY 2026 Actuarial Audit (Base Period Service)

The contractor shall perform the limited scope actuarial audit of the reporting period for year 2025 statement of social insurance and the statement of changes in social insurance amounts for the two-year period ending with the date of the statement of social insurance, as described in Section III.D. The scope of the contractor’s work shall include the estimates and disclosures for reporting period year 2025 only.

4. FY 2027 Actuarial Audit (Optional Services - Optional Period 1) The contractor shall perform the limited scope actuarial audit of the reporting period for year 2026 statement of social insurance and the statement of changes in social insurance amounts for the two-year period ending with the date of the statement of social insurance, as described in Section III.D. The scope of the contractor’s work shall include the estimates and disclosures for reporting period year 2026 only.

5. FY 2028 Actuarial Audit (Optional Services - Optional Period 2)

The contractor shall perform the limited scope actuarial audit of the reporting period for year 2027 statement of social insurance and the statement of changes in social insurance amounts for the two-year period ending with the date of the statement of social insurance, as described in Section III.D. The scope of the contractor’s work shall include the estimates and disclosures for reporting period year 2027 only.

6. FY 2029 Actuarial Audit (Optional Services - Optional Period 3)

The contractor shall perform the limited scope actuarial audit of the reporting period for year 2028 statement of social insurance and the statement of changes in social insurance amounts for the two-year period ending with the date of the statement of social insurance, as described in Section III.D. The scope of the contractor’s work shall include the estimates and disclosures for reporting period year 2028 only.

7. FY 2030 Actuarial Audit (Optional Services - Optional Period 4)

The contractor shall perform the limited scope actuarial audit of the reporting period for year 2029 statement of social insurance and the statement of changes in social insurance amounts for the two-year period ending with the date of the statement of social insurance, as described in Section III.D. The scope of the contractor’s work shall include the estimates and disclosures for reporting period year 2029 only.

D. Scope of the Actuarial Audit

The contractor shall perform such work as is required to make the following determinations for each year’s actuarial audit as awarded.

This includes an actuarial analysis that is done in a spreadsheet using cell data. In addition, every third year the contractor must reconcile cell data back to source data in the spreadsheet. This also includes analysis of status and current impact of the existing financial reporting material weakness that addresses social insurance concerns.

1. The methods and assumptions used in the valuation of the Railroad Retirement program, and by extension the statement of social insurance, are consistent with relevant Actuarial Standards of Practice adopted by the Actuarial Standards Board.

2. The actuarial valuation considers all pertinent provisions of laws and regulations governing program operations, including any changes to laws or regulations affecting the actuarial calculations since the date of the latest statement of social insurance.

3. Data used in preparing the statement of social insurance is complete and reliable.

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4. The estimates presented in the statement of social insurance are reasonable and prepared in compliance with the requirements of SFFAS #17, as amended.

5. The fund balance, as of the valuation date, has been accurately computed in compliance with SFFAS #17, as amended.

6. The disclosure of significant assumptions is complete and meets the requirements of SFFAS #17, as amended.

7. Other footnotes meet the disclosure requirements of SFFAS #17, as amended.

8. The reconciling items on the statement of changes in social insurance amounts are reasonable and prepared in compliance with SFFAS #37, including any applicable laws and amendments.

9. The reporting of the statement of social insurance, statement of changes in social insurance amounts and other related communication are consistent with relevant Actuarial Standards of Practice adopted by the Actuarial Standards Board.

E. Reporting Requirements

1. The contractor shall summarize their findings and determinations in a formal, written report that details the scope of their work and their overall conclusions, and shall be presented in two parts:

a. The Contractor shall provide a draft written report for discussion with OIG personnel that addresses the requirements of Section III E1 no later than mid-September, communicating the opinion of the firm and any other matters that are reportable pursuant to applicable reporting requirements.

b. The Contractor shall provide a final written report pursuant to the requirements of Section III no later than the first week of October, communicating the opinion of the firm and any other matters that are reportable pursuant to applicable reporting requirements.

c. The Contractor shall provide the above draft and final reports as electronic copy, and deliver to the RRB. The Contractor shall also provide an electronic (Adobe PDF version) of the draft and final reports and deliver to the COR and Contract Administrator.

2. Data Rights: No data provided to, or developed by, the contractor shall be used for any purpose other than the contract. All items, including any and all supplemental information developed by the contractor during performance of this task become the sole property of the federal government. The contractor shall return all items furnished by the federal government in the performance of this solicitation at the end of the contract or upon the federal government's request. The contractor shall not mark any deliverable documents pages, attachments, or addenda with their company name or proprietary markings, with the exception of a cover page.

3. The contractor's report must respond individually to each determination required in Section III.D. of this RFP.

4. The contractor’s report must describe the scope and methodology used in making the determinations.

5. The contractor’s report must describe any limitations on the scope of their work caused by lack of documentation.

6. The contractor’s report must be prepared in compliance with applicable Actuarial Standards of Practice adopted by the Actuarial Standards Board.

7. Progress Reports: The contractor shall also provide monthly written progress reports to the COR, by the fifth working day of each month, beginning with the first full month. The reports shall include (at a minimum) the following:

a. progress to-date compared with the audit plan and time schedule;

b. any issues that could impact the progress or outcome of the Contractor’s work; and

c. matters that have come to the Contractor’s attention that could impact the results of the determinations required in Section

III D.

F. Applicable Guidance

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The Contractor will be required to evaluate compliance with any revised or additional guidance, legislation, pronouncement, or standard issued subsequent to this contract that impact the estimates presented in the statement of social insurance or the practice of the actuarial profession.

G. Agency Involvement

The Contracting Officers Representative (COR), RRB OIG, as well as the RRB Chief Actuary, his staff and the responsible staff of the various RRB operation units, directly subject to the scope of the actuarial audit, will be available during the audit to assist the Contractor by providing information and explanations. While RRB and OIG staff will work with the Contractor to pull documents, reproduce files and respond to Contractor inquiries on an intermittent basis, the Contractor cannot expect them to prepare schedules or otherwise provide full-time assistance.

H. Government Furnished Data

1. The RRB will provide access to documentation (electronic copy) of information required to make the determinations required by Section III D. of this solicitation.

2. Supporting documentation (electronic copy) for the various estimates in the statement of social insurance pertaining to fiscal year 2024 will be made available to the Contractor after contract award upon consultation with the Contracting Officer’s Representative

(COR).

3. Supporting documentation (electronic copy) for the various estimates in the statement of social insurance pertaining to reporting period year 2024 and later years will be available to the Contractor as they become available to the OIG.

a. RRB completes the triennial valuations by June 30th of the year in which they are performed.

b. RRB completes the interim year updates to the triennial valuation June 30th of the year in which they are performed.

c. RRB completes the statement of social insurance by July 31st of each year.

I. Entrance/Exit Conferences

1. The entrance and exit conferences and other significant meetings are to be held with the COR and responsible OIG and agency officials. The entrance conference provides an opportunity for the Contractor to discuss the audit approach and introduce key staff to OIG and agency officials. The entrance conference will not be an opportunity to change the terms, conditions, or price of the contract.

2. At the completion of their work, the Contractor shall hold an exit conference with the COR and responsible OIG and RRB officials.

At this conference the Contractor communicates the findings and recommendations developed during the audit, and elicits initial views from OIG and agency officials.

3. During the course of their work, the Contractor shall be prepared to discuss with the COR and management in the RRB’s Bureau of the Actuary and Research matters that come to the Contractor’s attention that could have an impact on the determinations within the scope of the actuarial audit. Furthermore, the Contractor shall notify the COR of any such meetings that do not include the COR.

J. Confidentiality

The actuarial valuation model and the factors, assumptions and software applications that support it are the property of the Government of the United States. The Contractor agrees to hold strictly confidential any information relating to the model and related factors, assumptions, and software applications to which it may have access to, or awareness of, during the audit.

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Section IV - General Terms and Conditions

52.252-1 Solicitation Provisions Incorporated by Reference (Feb 1998)

This solicitation incorporates one or more solicitation provisions by reference, with the same force and effect as if they were given in full text. Upon request, the Contracting Officer will make their full text available. The offeror is cautioned that the listed provisions may include blocks that must be completed by the offeror and submitted with its quotation or offer. In lieu of submitting the full text of those provisions, the offeror may identify the provision by paragraph identifier and provide the appropriate information with its quotation or offer. Also, the full text of a solicitation provision may be accessed electronically at this/these address(es):

www.acquisition.gov [Insert one or more Internet addresses]

(End of provision)

(a) The folowing federal acquisition regulation (FAR) solicitation provisions are hereby incorporated by reference:

Clause: Title:

52.203-11, Certification and Disclosure Regarding Payments to Influence Certain Federal Transactions (Sep 2024).

52.203-12, Limitation on Payments to Influence Certain Federal Transactions (Jun 2020).

52.203-17, Contractor Employee Whistleblower Rights (Nov 2023).

52.212-1, Instructions to Offerors (Sep 2023).

52.212-2, Evaluation- Commercial Products and Commercial Services (Nov 2021).

52.212-3, Offeror Representations and Certifications - Commercial Products and Comercial Services (Oct 2025).

52.212-4, Contract Terms and Conditions – Commercial Products and Commercial Services (Nov 2023).

52.217-5, Evaluation of Options (Jul 1990).

52.225-25, Prohibition on Contracting with Entities Engaging in Certain Activities or Transactions Relating to Iran-Representations and Certifications. (Jun 2020).

52.232-39, Unenforceability of Unauthorized Obligations (Jun 2013).

52.233-4, Applicable Law For Breach Of Contract Claim (OCT 2004).

52.242-13, Bankruptcy (Jul 1995).

52.242-15, Stop-Work Order (Aug. 1989).

RRB.A.05 A. General RRB Provision-5.Post award meeting

In order to codify the implementation and procedural issues attendant upon contract performance, a post-award meeting will be held at the RRB headquarters facility in Chicago, IL or via a conference call no later than five business days after contract award. The Contractor must attend this conference and be prepared to discuss the requirements of the contract. The Contractor will be responsible for all costs related to attending this meeting.

RRB.A.07 A. General RRB Provision-7.The Role of Government Personnel and Responsibility for Contract Administration

(a) Contracting Officer - The Contracting Officer has the overall responsibility for the administration of this contract. The Contracting Officer alone, without delegation, is authorized to take actions on behalf of the Government to: amend, modify or deviate from the contract terms, conditions, requirements, specifications, details and/or delivery schedules; make final decisions on disputed deductions from contract payments for convenience or default; issue final decisions regarding contract questions or matters under dispute. The Contracting Officer may, however, delegate certain other responsibilities to his authorized representatives. The contracting officer shall make all such delegations in writing.

(b) Contract Officer’s Representative (COR) - The Contracting Officer may designate a COR to assist the Contracting Officer in the discharge of day-to-day responsibilities pertaining to this contract and the monitoring of Contractor performance. The specific responsibilities and limitations of COR authority are set forth in the “Technical Direction.” clause in RRB.A.01 above.

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(c) Contract Administrator -The Contracting Officer may designate an individual to monitor contract performance, review contract funding, billing and payments, prepare supplemental agreements and change orders, and conduct negotiations and discussions on behalf of the Contracting Officer.

52.209-5 Certification Regarding Responsibility Matters (Aug 2020)

(a)(1) The Offeror certifies, to the best of its knowledge and belief, that--

(i) The Offeror and/or any of its Principals--

(A) Are __ are not __ presently debarred, suspended, proposed for debarment, or declared ineligible for the award of contracts by any Federal agency;

(B) Have __ have not __, within a three-year period preceding this offer, been convicted of or had a civil judgment rendered against them for: commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public (Federal, State, or local) contract or subcontract; violation of Federal or State antitrust statutes relating to the submission of offers;

or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, tax evasion, violating Federal criminal tax laws, or receiving stolen property (if offeror checks "have", the offeror shall also see 52.209-7, if included in this solicitation);

(C) Are __ are not __ presently indicted for, or otherwise criminally or civilly charged by a governmental entity with, commission of any of the offenses enumerated in paragraph (a)(1)(i)(B) of this provision;

(D) Have __, have not __, within a three-year period preceding this offer, been notified of any delinquent Federal taxes in an amount that exceeds the threshold at 9.104-5(a)(2) for which the liability remains unsatisfied.

(1) Federal taxes are considered delinquent if both of the following criteria apply:

(i) The tax liability is finally determined. The liability is finally determined if it has been assessed. A liability is not finally determined if there is a pending administrative or judicial challenge. In the case of a judicial challenge to the liability, the liability is not finally determined until all judicial appeal rights have been exhausted.

(ii) The taxpayer is delinquent in making payment. A taxpayer is delinquent if the taxpayer has failed to pay the tax liability when full payment was due and required. A taxpayer is not delinquent in cases where enforced collection action is precluded.

(2) Examples.

(i) The taxpayer has received a statutory notice of deficiency, under I.R.C. § 6212, which entitles the taxpayer to seek Tax Court review of a proposed tax deficiency. This is not a delinquent tax because it is not a final tax liability. Should the taxpayer seek Tax Court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights.

(ii) The IRS has filed a notice of Federal tax lien with respect to an assessed tax liability, and the taxpayer has been issued a notice under I.R.C. § 6320 entitling the taxpayer to request a hearing with the IRS Office of Appeals contesting the lien filing, and to further appeal to the Tax Court if the IRS determines to sustain the lien filing. In the course of the hearing, the taxpayer is entitled to contest the underlying tax liability because the taxpayer has had no prior opportunity to contest the liability. This is not a delinquent tax because it is not a final tax liability. Should the taxpayer seek tax court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights.

(iii) The taxpayer has entered into an installment agreement pursuant to I.R.C. § 6159. The taxpayer is making timely payments and is in full compliance with the agreement terms. The taxpayer is not delinquent because the taxpayer is not currently required to make full payment.

(iv) The taxpayer has filed for bankruptcy protection. The taxpayer is not delinquent because enforced collection action is stayed under 11 U.S.C. 362 (the Bankruptcy Code).

(ii) The Offeror has __ has not __, within a three-year period preceding this offer, had one or more contracts terminated for default by any Federal agency.

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(2) "Principal," for the purposes of this certification, means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).

This Certification Concerns a Matter Within the Jurisdiction of an Agency of the United States and the Making of a False, Fictitious, or Fraudulent Certification May Render the Maker Subject to Prosecution Under Section 1001, Title 18, United States Code.

(b) The Offeror shall provide immediate written notice to the Contracting Officer if, at any time prior to contract award, the Offeror learns that its certification was erroneous when submitted or has become erroneous by reason of changed circumstances.

(c) A certification that any of the items in paragraph (a) of this provision exists will not necessarily result in withholding of an award under this solicitation. However, the certification will be considered in connection with a determination of the Offeror's responsibility.

Failure of the Offeror to furnish a certification or provide such additional information as requested by the Contracting Officer may render the Offeror nonresponsible.

(d) Nothing contained in the foregoing shall be construed to require establishment of a system of records in order to render, in good faith, the certification required by paragraph (a) of this provision. The knowledge and information of an Offeror is not required to exceed that which is normally possessed by a prudent person in the ordinary course of business dealings.

(e) The certification in paragraph (a) of this provision is a material representation of fact upon which reliance was placed when making award. If it is later determined that the Offeror knowingly rendered an erroneous certification, in addition to other remedies available to the Government, the Contracting Officer may terminate the contract resulting from this solicitation for default.

(End of provision)

52.215-6 Place of Performance (Oct 1997)

(a) The offeror or respondent, in the performance of any contract resulting from this solicitation, __ intends, __ does not intend [check applicable block] to use one or more plants or facilities located at a different address from the address of the offeror or respondent as indicated in this proposal or response to request for information.

(b) If the offeror or respondent checks "intends" in paragraph (a) of this provision, it shall insert in the following spaces the required information:

Place of Performance (Street Address, State, County, ZIP Code) Name and Address of Owner and Operator of the Plant of the

Facility if other than Bidder or Respondent

(End of provision)

52.228-5 Insurance-Work on a Government Installation (Jan 1997)

(a) The Contractor shall, at its own expense, provide and maintain during the entire performance of this contract, at least the kinds and minimum amounts of insurance required in the Schedule or elsewhere in the contract.

(b) Before commencing work under this contract, the Contractor shall notify the Contracting Officer in writing that the required insurance has been obtained. The policies evidencing required insurance shall contain an endorsement to the effect that any cancellation or any material change adversely affecting the Government's interest shall not be effective-

(1) For such period as the laws of the State in which this contract is to be performed prescribe; or

(2) Until 30 days after the insurer or the Contractor gives written notice to the Contracting Officer, whichever period is longer.

(c) The Contractor shall insert the substance of this clause, including this paragraph (c), in subcontracts under this contract that require work on a Government installation and shall require subcontractors to provide and maintain the insurance required in the Schedule or elsewhere in the contract. The Contractor shall maintain a copy of all subcontractor's proofs of required insurance, and shall make copies available to the Contracting Officer upon request.

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(End of clause)

52.204-9 Personal Identity Verification of Contractor Personnel (Jan 2011)

(a) The Contractor shall…