RFP for Actuarial Services to Monitor CT Paid Family and Medical Trust Fund

The Connecticut Paid Leave Authority is seeking an actuarial firm to provide services aimed at ensuring the Connecticut Paid Family and Medical Trust Fund's ability to disburse wage replacement benefits, as outlined by statute. This contract is crucial to evaluate and maintain the solvency of the Trust Fund by conducting regular assessments of contribution and claim levels. The selected firm will be responsible for determining the fund's capacity to fulfill its obligations at the statutory rates and for recommending any necessary adjustments to benefit payments to sustain solvency. The performance period for this contract is scheduled to run from February 6, 2025, to March 10, 2025, and the activities will be conducted at the Connecticut Paid Leave Authority's headquarters in Hartford, CT. There is an estimated contract value range between $500,000 and $2,000,000. Amber Forrest is identified as the primary contact for this solicitation, which plays an integral role in ensuring that the Connecticut Paid Leave Authority can fulfill its financial commitments to eligible individuals under its care.