The Connecticut Paid Family and Medical Leave Insurance Authority (“the Paid Leave Authority” or “the Authority”), seeks an actuarial firm to conduct an independent and periodic actuarial review of the reserve requirements of the Paid Leave Authority Trust Fund (“Trust Fund”). The review and analysis shall be conducted in accordance with Generally Accepted Accounting Principles (GAAP). The Paid Leave Authority provides benefits to qualified claimants seeking wage replacement while taking leave for reasons stated in Connecticut General Statute 31- 49e, et. seq. (“the Statute”) Employees working for employers covered by C.G.S. 31-49e et. seq., and sole-proprietors and self-employed individuals who have enrolled in the Paid Leave program contribute not more than one-half of one percent of wages to the Paid Leave Trust Fund. The Trust Fund is the sole resource available to pay Paid Leave benefits to eligible claimants.
