IT Modernization Projects | Pension Benefit Guaranty Corporation

PBGC embarks on IT modernization initiatives to improve meeting our PBGC Strategic Goals of:

Preserve plans and protect pensions of covered workers and retirees
Pay pension benefits on time and accurately
Maintain high standards of stewardship and accountability

The outcomes of these initiatives stabilize and advance underlying technology, strengthen cybersecurity and privacy, streamline processes, enhance user experience, and provide high-quality service to plan sponsors, workers and retirees. Below are highlights of top-priority IT initiatives deemed significant enough to warrant public awareness by the CIO as part of the Executive Management Committee, that are post budget decisional, not procurement-sensitive, and do not include classified or personally identifiable related information.

Acquisition Management System (AMS):

Planned Cost and Completion	Actual Cost and Completion
$11,000,000.00*	Q2 FY2025	On Budget	On Schedule
What are we doing and why? PBGC currently uses a combination of different COTS products and Microsoft O365 tools for performing procurement activities. After months of analysis and market research PBGC has embarked on implementing a single integrated Software-as-a-Service solution (Technology), starting with a complete Business Process Engineering (Process), and improving the way Acquisition Professionals (People) perform procurement functions. This seamless end-to-end procurement solution targets to modernize the procurement functions, strengthen management and internal controls with transparency, improve procurement and data integrity, and maintain continuous updates to technology and cybersecurity. The project began at the end of FY2022 and uses Agile practices. * Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included. IT Legacy Tool/System Disposition Comprizon, FedSelect, and eProcurement SharePoint Solution by Q4 2025. CIO Comments The AMS Project aims to transform PBGC’s end-to-end procurement process and technology into modern procurement practices for PBGC’s acquisition team and stakeholders. Success of this project hinges on a newly engineered process that involves all stakeholder input, identifying all interfaces upfront, a clear Minimal Viable Product, smart data and document migration plan, and continuous stakeholder involvement and communication. The People, Process and Technology approach is to achieve Strategic Goal 3: Maintain High Standards of Stewardship and Accountability, specifically “Improving procurement activities."

Planned Cost and Completion

Actual Cost and Completion

$11,000,000.00*

Q2 FY2025

On Budget

On Schedule

What are we doing and why?

PBGC currently uses a combination of different COTS products and Microsoft O365 tools for performing procurement activities. After months of analysis and market research PBGC has embarked on implementing a single integrated Software-as-a-Service solution (Technology), starting with a complete Business Process Engineering (Process), and improving the way Acquisition Professionals (People) perform procurement functions. This seamless end-to-end procurement solution targets to modernize the procurement functions, strengthen management and internal controls with transparency, improve procurement and data integrity, and maintain continuous updates to technology and cybersecurity. The project began at the end of FY2022 and uses Agile practices.

* Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included.

IT Legacy Tool/System Disposition

Comprizon, FedSelect, and eProcurement SharePoint Solution by Q4 2025.

CIO Comments

The AMS Project aims to transform PBGC’s end-to-end procurement process and technology into modern procurement practices for PBGC’s acquisition team and stakeholders. Success of this project hinges on a newly engineered process that involves all stakeholder input, identifying all interfaces upfront, a clear Minimal Viable Product, smart data and document migration plan, and continuous stakeholder involvement and communication. The People, Process and Technology approach is to achieve Strategic Goal 3: Maintain High Standards of Stewardship and Accountability, specifically “Improving procurement activities."

Benefit Calculation and Valuation (BCV) Phase 5:

Planned Cost and Completion	Actual Cost and Completion
$9,000,000.00*	Q3 FY2025	On Budget	On Schedule
What are we doing and why? BCV Phase 5 is the final phase of the BCV Modernization, where PBGC intends to modernize its database building tools and further enhance the customer experience with improved benefit estimate capabilities for participants. Additionally, PBGC will automate the actuarial review process to improve the auditability and efficiency of the actuarial valuation process and will deliver a new web factor calculator module that will modernize the calculation of actuarial factors such as early/late retirement factors and form conversion factors. The project began at the end of FY2023 and uses Agile practices. * Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included. IT Legacy Tool/System Disposition LEO, AggMax Tool, NPVF Calculator, Plan download, ATPBGC Access database, and ATPBGC Refresh by Q4 2025. CIO Comments This final BCV Phase 5 project concludes the elimination of End of Service Life challenges and successfully places the system in continuous product improvement to respond to retirees and OBA’s customer service needs.

Planned Cost and Completion

Actual Cost and Completion

$9,000,000.00*

Q3 FY2025

On Budget

On Schedule

What are we doing and why?

BCV Phase 5 is the final phase of the BCV Modernization, where PBGC intends to modernize its database building tools and further enhance the customer experience with improved benefit estimate capabilities for participants. Additionally, PBGC will automate the actuarial review process to improve the auditability and efficiency of the actuarial valuation process and will deliver a new web factor calculator module that will modernize the calculation of actuarial factors such as early/late retirement factors and form conversion factors. The project began at the end of FY2023 and uses Agile practices.

* Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included.

IT Legacy Tool/System Disposition

LEO, AggMax Tool, NPVF Calculator, Plan download, ATPBGC Access database, and ATPBGC Refresh by Q4 2025.

CIO Comments

This final BCV Phase 5 project concludes the elimination of End of Service Life challenges and successfully places the system in continuous product improvement to respond to retirees and OBA’s customer service needs.

Transformational Pension Insurance Modeling System (T-PIMS) for Single Employer (SE) Program:

Planned Cost and Completion	Actual Cost and Completion
$9,700,000.00*	Q4 FY2024	On Budget	On Schedule
What are we doing and why? BCV Phase 5 is the final phase of the BCV Modernization, where PBGC intends to modernize its database building tools and further enhance the customer experience PBGC is implementing a new Transformational Pension Insurance Modeling System (T-PIMS) for the Single Employer (SE) Program to replace a 20+ year old legacy on-premises system. T-PIMS will use the latest cloud technology that improves modeling performance, scalability, stability, ease of maintenance, strengthen of PBGC’s security posture, and streamline maintenance and operations, while increasing the flexibility to respond to legislative/regulatory demands and throughput of economic forecasts and financial projections. The foundations of this project will enable future enhancements to address Multiemployer (ME) models in the future. The project began in Q2 FY2022 and uses Agile practices. * Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included. IT Legacy Tool/System Disposition Legacy SE PIMS by Q1 FY2026 (One Year Parallel Processing). CIO Comments This modernization effort will continue PBGC’s move to cloud-hosted solutions. In addition, PBGC envisions the implementation of a parameter driven solution that will support the annual projection needs of PBGC and improve PBGC’s ability to respond to queries from external stakeholders. T-PIMS is expected to transform PRAD’s people, process, and technology capabilities to meet its contribution to PBGC’s Strategic Goal 1: Preserve plans and protect the pensions of covered workers and retirees.

Planned Cost and Completion

Actual Cost and Completion

$9,700,000.00*

Q4 FY2024

On Budget

On Schedule

What are we doing and why?

BCV Phase 5 is the final phase of the BCV Modernization, where PBGC intends to modernize its database building tools and further enhance the customer experience PBGC is implementing a new Transformational Pension Insurance Modeling System (T-PIMS) for the Single Employer (SE) Program to replace a 20+ year old legacy on-premises system. T-PIMS will use the latest cloud technology that improves modeling performance, scalability, stability, ease of maintenance, strengthen of PBGC’s security posture, and streamline maintenance and operations, while increasing the flexibility to respond to legislative/regulatory demands and throughput of economic forecasts and financial projections. The foundations of this project will enable future enhancements to address Multiemployer (ME) models in the future. The project began in Q2 FY2022 and uses Agile practices.

* Represents rounded implementation costs only; Infrastructure costs such as hosting, licensing, etc. are not included.

IT Legacy Tool/System Disposition

Legacy SE PIMS by Q1 FY2026 (One Year Parallel Processing).

CIO Comments

This modernization effort will continue PBGC’s move to cloud-hosted solutions. In addition, PBGC envisions the implementation of a parameter driven solution that will support the annual projection needs of PBGC and improve PBGC’s ability to respond to queries from external stakeholders. T-PIMS is expected to transform PRAD’s people, process, and technology capabilities to meet its contribution to PBGC’s Strategic Goal 1: Preserve plans and protect the pensions of covered workers and retirees.

Transition to IPv6:

Planned Cost and Completion	Actual Cost and Completion
$450,000.00	FY2022	On Budget	On Hold
What are we doing and why? In order to establish a modern and scalable network infrastructure and to ensure compliance with OMB memo M-21-07, "Completing the Transition to Internet Protocol Version 6 (1Pv6)", PBGC will update its infrastructure hardware and configuration to transition from IPv4 to IPv6. No later than FY2023, all new networked Federal information systems at PBGC will be IPv6-enabled at the time of deployment, and PBGC’s intent is to phase out the use of IPv4 for all systems by FY2025 to the extent possible and practical. CIO Comments This project is on-hold until Microsoft Azure for Government, one of PBGC’s primary IaaS/PaaS cloud providers, supports a single-stack IPv6 implementation for its major infrastructure components. PBGC is monitoring Microsoft’s roadmap and progress on this front closely and will pick up the IPv6 effort again once there is sufficient vendor support.

Planned Cost and Completion

Actual Cost and Completion

$450,000.00

FY2022

On Budget

On Hold

What are we doing and why?

In order to establish a modern and scalable network infrastructure and to ensure compliance with OMB memo M-21-07, "Completing the Transition to Internet Protocol Version 6 (1Pv6)", PBGC will update its infrastructure hardware and configuration to transition from IPv4 to IPv6. No later than FY2023, all new networked Federal information systems at PBGC will be IPv6-enabled at the time of deployment, and PBGC’s intent is to phase out the use of IPv4 for all systems by FY2025 to the extent possible and practical.

CIO Comments

This project is on-hold until Microsoft Azure for Government, one of PBGC’s primary IaaS/PaaS cloud providers, supports a single-stack IPv6 implementation for its major infrastructure components. PBGC is monitoring Microsoft’s roadmap and progress on this front closely and will pick up the IPv6 effort again once there is sufficient vendor support.

Previously completed IT Modernization projects

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Last Updated: July 17, 2024