2025-02_May_12_25_solicitation_doc.pdf

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RFP for Actuarial Services to Monitor CT Paid Family and Medical Trust Fund
Solicitation number
2025-02
Issued by
Connecticut

About this file

This is a Request for Proposal (RFP) #2025-02 issued by the Connecticut Paid Leave Authority for Actuarial Services to Monitor the CT Paid Family and Medical Trust Fund. The solicitation seeks a professional firm to conduct regular reviews of contribution and claim levels to assess the Fund's ability to pay wage replacement benefits at statutorily defined rates. The procurement period runs from February 6, 2025, at 8:00 AM EST to March 10, 2025, at 12:00 PM EDT, with a vendor Q&A period from February 6, 2025, at 9:00 AM EST through February 18, 2025, at 4:00 PM EST. The RFP is open to all vendors and aims to secure an actuarial service provider capable of regularly evaluating the Trust Fund's financial sustainability and recommending potential benefit payment adjustments to ensure solvency.

The document specifies delivery terms as Free On Board Destination with vendor-specified payment terms. No specific contract value, budget range, or incumbent vendor information is disclosed. The point of contact is Amber Forrest at the Connecticut Paid Leave Authority, located at 450 Columbus Blvd Suite 1503, Hartford CT. The solicitation does not mention specific set-aside designations or disadvantaged enterprise requirements. The primary focus is on securing a qualified actuarial firm with expertise in analyzing paid family and medical leave trust fund mechanisms, with the ability to provide comprehensive financial reviews and solvency assessments in accordance with statutory guidelines.

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Solicitation Number: 2025-02

RFP for Actuarial Services to Monitor CT Paid Family and

Medical Trust Fund

Request for Proposal (RFP)

Connecticut Paid Leave Authority

February 06, 2025 - March 10, 2025

Page:2

General Header Information

This bid has no questions defined.

2025-02

No. 2025-02 Title: RFP for Actuarial Services to Monitor CT Paid Family and Medical Trust

Fund Start Date: February 06, 2025 at 8:00:00 AM EST End Date: March 10, 2025 at 12:00:00 PM EDT Vendor Q&A Start Date: February 06, 2025 at 9:00:00 AM EST Vendor Q&A End Date: February 18, 2025 at 4:00:00 PM EST Estimated Total Value:

Who can respond to this bid? : All Vendors Description: The Paid Leave Authority seeks a firm that will conduct a regular review of contribution and claim levels to determine the Fund’s ability to pay wage replacement benefits at the rates defined by the Statute. The Authority also seeks a regular review of the Trust Fund to determine when and whether it should adjust benefits payments to assure the Trust Fund’s solvency, pursuant to its power to do so under the Statute.

Delivery Terms: Free On Board Destination Payment Terms: Vendor Specified Contact Information: Connecticut Paid Leave Authority

Amber Forrest 450 Columbus Blvd Suite 1503 Hartford CT, 06103 United States Tel: 860-558-6691 amber.forrest@ct.gov

Contact Details: If you have any questions, please contact:

Amber Forrest 450 Columbus Blvd Suite 1503 Hartford CT, 06103 United States Tel: 860-558-6691 amber.forrest@ct.gov

Selected Categories:

Page:3

Documents:

Actuarial RFP 2025-02 - Final.pdf

Actuarial RFP 2025-02 QA Responses.pdf

Page:4

Item Specifications Solicitation has been designated as having no line items.

Page:5

File details come from the government source that posted it. Updated .