The Pension Benefit Guaranty Corporation has selected YRCI, a Washington, D.C.-based HRO and contracts management firm, to provide a multi-year, multiple-award contract covering a full suite of human resources services including staffing, classification, employee relations, labor relations, performance management, personnel action processing, general administration and technical writing.
The contract, valued at approximately $8.5 million, began November 2005 and ends September 2008.
According to Linda Sue Wever, director of federal business development for YRCI, several task orders have already been released under this contract with more awards pending.
“YRCI’s Human Capital Services division will provide robust staff augmentation and support to PBGC’s federal HR staff,” Wever said. “Since all of the duties under the purview of the PBGC contract are those in which YRCI specializes, we couldn’t ask for a better opportunity to showcase YRCI’s staff expertise and capability in HR operations and services.”
Pension Benefit Guaranty Corporation is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of 44.4 million American workers and retirees in 31,200 private, single-employer and multi-employer defined benefit pension plans. YRCI, headquartered in Fairfax, Va., provides commercial clients and the federal government with a variety of human resources and contracts management services. The company’s commercial clients include Accenture, Freddie Mac, ManTech International and others.
