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COMMERCE BUSINESS DAILY ISSUE OF DECEMBER 30,1999 PSA#2506

Pension Benefit Guaranty Corporation, Procurement Department, 1200 K Street, NW, Suite 1090, Washington, DC 20005-4026

R -- REVIEW OF DRAFT STATEMENT OF WORK FOR PAYING AGENT SERVICES POC Contact Janice D. Johnson (202) 326-4160 Ext. 6859/ Contracting Officer, Robert Herting (202) 326-4160 This synopsis is a notice for information and planning purposes only and is not a solicitation for proposals. The Pension Benefit Guaranty Corporation (PBGC) invites you to review and comment on a draft statement of work (SOW) for paying agent services. The draft can be obtained from Janice D. Johnson at (202) 326-4160 extension 6859, and is not to be construed as a commitment by the Government. The draft will describe services, tasks, and products the paying agent must provide and any business/technical requirements the paying agent must meet. The services, tasks and requirements include performing financial services related to the disbursement of benefit payments; Federal tax withholding and reporting; payment clearing and reconciliation of funds; stop payment and check replacement; storage of paid checks; recovery of funds on behalf of PBGC; and monthly and/or yearly accounting and reconciliation of all funds disbursed. The Government is not obligated to reimburse any respondent for effort expended in responding to this synopsis. The estimated period of performance for this effort will be twelve (12) months for the base year's effort with six (6) twelve-month options for renewal. No questions will be taken at this point, but comments on the draft will be reviewed by the government for possible incorporation into the final SOW. Comments must be received no later than 12 January 2000 and may be submitted by mail to the Pension Benefit Guaranty Corporation, Attn: Janice D. Johnson, Procurement Department, Suite 1090, 1200 K St., NW, Washington, DC 20005-4026 or by fax at (202) 326-4162. Posted 12/28/99 (W-SN411780). (0362)

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