RFP for Actuarial Services to Monitor CT Paid Family and Medical Trust Fund
Closed State & local contract opportunity Posted
- Solicitation number
- 2025-02
- State
- Connecticut
- Responses due
Opportunity facts
- UNSPSC codes
- 80000000 Management and Business Professionals and Administrative Services
- 80101500 Business and corporate management consultation services
- 84000000 Financial and Insurance Services
- 93150000 Public administration and finance services
- 93151600 Public finance
- 80100000 Management advisory services
- 80101512 Actuarial consulting services
- 93000000 Politics and Civic Affairs Services
- 93151605 Government finance services
- Point of contact
-
- Amber Forrest amber.forrest@ct.gov (860) 558-6691
Opportunity details come from webprocure.proactiscloud.com. Updated .
About this opportunity
The Connecticut Paid Leave Authority has issued Request for Proposal (RFP) #2025-02 seeking actuarial services to monitor the CT Paid Family and Medical Trust Fund. The primary objective is to secure a professional firm capable of conducting regular comprehensive reviews of contribution and claim levels within the Trust Fund. Specific deliverables include assessing the Fund's capacity to pay wage replacement benefits at statutorily defined rates and determining potential necessary adjustments to ensure ongoing solvency. The RFP requires a qualified actuarial firm with expertise in analyzing complex financial trust fund mechanisms and the ability to provide regular, detailed assessments of financial sustainability. Key dates for this procurement include an opening on February 6, 2025, at 8:00 AM EST, with proposals due by March 10, 2025, at 12:00 PM EDT. A vendor Q&A period is scheduled from February 6, 2025, at 9:00 AM EST through February 18, 2025, at 4:00 PM EST, during which potential bidders can submit clarifying questions. The point of contact for all inquiries is Amber Forrest at the Connecticut Paid Leave Authority, located at 450 Columbus Blvd Suite 1503, Hartford CT.
The solicitation documents do not explicitly mention specific set-aside designations, disadvantaged enterprise requirements, or restrictions on respondent types. No incumbent vendor information is provided, and the RFP appears open to all qualified actuarial firms. The procurement specifies delivery terms as Free On Board Destination with vendor-specified payment terms. No estimated total contract value or specific budget range is disclosed in the available documentation. The solicitation does not indicate any requirements for existing technology integration or infrastructure compatibility. Interested firms will need to demonstrate comprehensive actuarial expertise, particularly in analyzing paid family and medical leave trust fund dynamics, and provide a methodology for conducting the required financial reviews and solvency assessments. Potential respondents should carefully review the full RFP documentation to ensure they can meet the Connecticut Paid Leave Authority's specific monitoring and assessment requirements.
Opportunity text
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.
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