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Pension Benefit Guaranty Corporation Awarded a Contract to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY for $5,241,157.42

Signed on

4/22/2024, 12:00 AM

WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY Government Contract #16PBGC24P0015

WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY was awarded a contract with the United States Government for $5,241,157.42. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

The recipient of the federal contract is the Washington Metropolitan Area Transit Authority (WMATA), which provides access to the WMATA Automated Smart Benefits System. The contract, funded by the Pension Benefit Guaranty Corporation, is worth $1,550,407.42. Notable transactions include payments like $1,170,000 and -$69,592.58 made for the contract.

Contract Details

Contract ID16PBGC24P0015
Contract TypeB
Total Obligation$1,550,407.42
Exercised Options$1,550,407.42
Base Amount + Options$5,241,157.42
Date Signed2024-04-22
Contract DescriptionTHIS AWARD IS MADE TO THE WASHINGTON METROPOLITAN TRANSIT AUTHORITY (WMATA) TO PROVIDE ACCESS TO THE WMATA AUTOMATED SMART BENEFITS SYSTEM.
Start Date2024-04-11
End Date2026-04-24

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientWASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY
Recipient Location300 7TH ST SW WASHINGTON DISTRICT OF COLUMBIA, UNITED STATES
Business CategoriesU.S. Government Authorities, Category Business, Government, U.S. National Government, Not Designated a Small Business, U.S. Regional/State Government

Comments

Award Transactions

Transaction #P00009 | $0.00April 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $0.00April 8, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $0.00December 11, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $0.00October 14, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $-69,592.58July 23, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-69,592.58 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $1,170,000.00April 22, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,170,000.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $0.00April 21, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00April 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $150,000.00March 11, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $300,000.00April 22, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $300,000.00 to WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY. The payment included a Subsidy Cost of $0.00.