PBGC Legacy Pension Insurance Modeling System

The Pension Benefit Guaranty Corporation (PBGC) is seeking support for managing its Legacy Pension Insurance Modeling System (L-PIMS), a sophisticated stochastic simulation tool used to model single-employer and multiemployer pension plan universes. The solicitation involves comprehensive technical support for two primary microsimulation models: Single-Employer (SE-PIMS) and Multiemployer (ME-PIMS), with specific requirements for programming, model management, and system evaluation. Potential contractors must demonstrate expertise in C++ and VBA programming, actuarial calculations, economic scenario generators, and microsimulations with 500+ iterations. Key capabilities include developing model runs for PBGC reports, analyzing financial and policy changes, responding to Congressional technical assistance requests, and ultimately decommissioning the SE L-PIMS system. Responses to the Request for Information (RFI) are due by 12:00 PM EST on March 26th, 2025, with submissions required via Microsoft Excel-compatible file.

The pre-solicitation notice indicates no specific set-aside designation for this contract, which falls under the NAICS category 541611 for Administrative Management and General Management Consulting Services. The contract is structured with a base period from September 1, 2025 to August 31, 2026, with two potential option periods that could extend the contract through August 31, 2028. While specific award values are not explicitly stated, the complexity of the project involves managing over 60,000 lines of C++ code and a C# user interface, suggesting a significant technical undertaking. The scope includes supporting system modifications, maintaining documentation, managing system operations, conducting technical programming and evaluation, performing system testing, and facilitating the decommissioning of the Legacy SE PIMS. Contractors will need to provide actuarial support, write new code to reflect pension rule changes, and ensure compliance with federal regulations and PBGC policies throughout the contract period.