JFOC

JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION

FOR COMMERCIAL PRODUCTS AND SERVICES OVER SAT BUT LESS THAN OR EQUAL TO $9M

PER FAR 12.102 AND 12.201-1 SIMPLIFIED PROCEDURES

Identification Number: 16PBGC26Q0045
1. Identification of the agency and contracting activity. A. Agency: Pension Benefit Guaranty Corporation (PBGC)

B. Contracting activity: Procurement Department (PD)

C. Program Office: Office of Operations (OO)
D. Department: Actuarial Services and Technology Department (ASTD) 2. Nature and/or description of the action being approved. ☒ Firm-fixed-price
☒ Contract
In accordance with Executive Order 14402, issued April 30, 2026, which mandates use of Firm Fixed Price to the maximum extent practicable, this contract is awarded as a Firm Fixed Price. The Executive Order directs federal agencies to make fixed‑price, performance‑based contracts the default procurement method to reduce cost overruns and increase accountability. The contractor is incentivized to complete the work within the scheduled period of performance and at the negotiated fixed price established at the outset. 3. A description of the services required to meet the agency’s needs: A summary description of services is provided in the paragraphs below. The Statement of Work (SOW) is attached to the SAM.gov Notice. Please refer to the Notice for SOW and full details.

SUMMARY DESCRIPTION OF SERVICES:

Under this contract, PBGC will award a Firm-Fixed-Price (FFP) contract on a basis of other than full and open competition for Actuarial Support Services to complete identified work on three Complexity Level IV trusteed pension plans: Sears Holding Pension Plan 1, Sears Holding Pension Plan 2, and The McClatchy Company Retirement Plan. ASTD provides accurate and timely calculation of benefits for participants on three Complexity Level IV pension plans via the use of contractor support made available via task orders. ASTD is in need of contractor support to complete the actuarial valuation provided

under the subject task orders for the following three plans. Complexity Level IV Pension Plans are considered high-profile pension plans that the Office of Operations (OO) senior management has designated to be the largest and most complicated plans in the OO’s inventory. The three plans which require support are as follows: Project ID

1. 23741500

2. 23148400

3. 23148500

Project Name

THE MCCLATCHY COMPANY RETIREMENT PLAN

SEARS HOLDINGS PENSION PLAN 1

SEARS HOLDINGS PENSION PLAN 2

The Contractor shall provide necessary actuarial support and expertise to PBGC to meet its