Basic Services shall include conducting an actuarial analysis and issuing a report with a statement of actuarial opinion as to the Program’s fiscal soundness. The report will be based on the analysis of the Unclaimed Property Fund to determine the amount of reserve needed to ensure future claims are properly and timely paid. Contract Services also include answering questions of the Administrator and STO staff concerning assumptions, methodology and the report. The report should include the following: 4.1.2.1 A valuation in accordance with applicable actuarial standards of practice promulgated by the actuarial standards board of the American Academy of Actuaries that will determine the Program’s fiscal soundness. 4.1.2.2 An evaluation of the present (for fiscal year ending June 30, 2024) assets and liabilities of the Program for a minimum of 20 years, including an annual table illustrating those assets and liabilities. 4.1.2.3 An evaluation of the prospective assets and liabilities of the Program, for a minimum of 20 years, including the funded status of Program. 4.1.2.4 A table that combines the findings of 4.1.2.2 and 4.1.2.3...
