Volunteer Safety Workers Compensation Funding Study Services

The Vendor is required to provide workers’ compensation benefits to (i) members of eligible units and (ii) the employees and volunteers of eligible entities.
- Reports on the nature of the claims paid by the Fund and any claims-related trends that impact the financial status of the Fund.
- This analysis accounts for both reported claims and incurred-but-not-reported (IBNR) claims, and provides a projection of outstanding liabilities. 
- The results of the loss reserve analysis establish the financial baseline necessary to ensure that the Fund maintains adequate reserves and inform the subsequent funding study recommendations.
- Reports are written in a clear, organized manner suitable for both technical and non-technical audiences.
- Findings and recommendations are actionable and directly support the Fund’s financial planning.
- Loss reserve analysis and funding study are both provided in full, with all required components addressed.
- Reports include executive summary, detailed actuarial findings, assumptions, methodologies, and supporting data tables.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: January 13, 2026