Unemployment Insurance Actuarial and Consulting Services

The Vendor is required to provide unemployment insurance actuarial and consultation services outlined below.
- Actuarial valuation
•    An actuarial valuation report of the county’s unemployment program the current fiscal year. 
•    Include, but not be limited to, liability estimates for the unemployment program, as well as projections for each of the subsequent three fiscal years.
•    Estimates of benefit payment and recommendations of aggregate funding contributions for the current fiscal year and following three fiscal years (e.g., 2025-2026, 2026-2027, 2027-2028, and 2028-2029). 
•    County fiscal years run from July 1 to June 30.
•    Estimates of anticipated unemployment insurance benefit costs for the next fiscal year and each of the subsequent three fiscal years (e.g., 2026-2027, through 2030-2031), along with the corresponding required contributions based on state tax rates for the same periods.
•    Comparison to prior actuarial valuation report. 
•    Recommendations of alternative funding strategies for county’s self-insured unemployment insurance program. 
•    Advise on any changes in federal and state statutes or regulations that have occurred since the previous valuation, and their potential impacts on the county’s fund.
•    An estimate of the projected cost to the county if it were to participate in the state unemployment insurance program. 
•    A presentation to county management staff to discuss the findings and recommendations outlined above.
- Consulting services
•    Financial analysis and modeling for scenarios, based on previously provided actuarial valuation, as requested by the county, to estimate the county’s potential future unemployment liabilities.
•    Estimate benefit payment and recommend aggregate contributions for future fiscal years for the provided scenarios.
•    Provide impact analysis of proposed changes in federal and state statutes and regulations affecting the county’s self-insured unemployment program.
•    If changes occur in federal or state statutes, regulations, or economic conditions, conduct financial analysis and modeling to assess the resulting impact on unemployment benefits and related liabilities.
•    Provide financial analysis and models that are based on updated claims experience.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: August 7, 2025