We have been selected as the prime contractor by Pension Benefit Guaranty Corporation (PBGC) for their Financial Management Systems-Information Technology Support Services (FMS-ITSS) contract. This five-year unrestricted single award IDIQ (indefinite-delivery indefinite-quantity) contract, with a $100 million ceiling, represents exciting new work for TeraThink. The award demonstrates the continuing success of our strategy to lead transformation initiatives. We welcome the opportunity to support PBGC in achieving their strategic goals.
Supporting The Future Of America’s Retirees
PBGC is the federal agency that protects the retirement incomes of more than 40 million American workers. Across more than 24,000 private-sector defined benefit pension plans, PBGC is a leader among federal agencies, having achieved 26 consecutive years of unmodified audit opinions. On the FMS-ITSS contract, we will execute task orders to maintain, upgrade, consolidate, and simplify PBGC’s financial management systems. The goal is to better align with the organization’s business, information technology, and mission requirements.
The primary task areas on FMS-ITSS contract include
- Project Management
- Development, Modernization, and Engineering (DME)
- Operations and Maintenance (O&M)
- Enterprise Architecture (EA)
- Continuity of Operations (COOP)
- Data Management
- Audit Readiness
- Advisory/Consulting Services.
The tasks executed in these areas provide for greater operational efficiency, regulatory compliance, and the continued transformation of the PBGC infrastructure. This will enable the implementation of new business solutions efficiently and securely. TeraThink’s execution on FMS-ITSS will improve performance, reduce costs, increase transparency of costs, and improve customer service levels.
This expansion of our Enterprise Applications and Digital Transformation offerings will allow TeraThink to better support all of our clients. We look forward to bringing our experience to PBGC and, in turn, bring what we learn at PBGC to our broader client base.