Actuarial Analysis and Feasibility Study Services

The State of Hawaii Department of Labor and Industrial Relations is seeking a qualified onshore actuarial and program implementation consulting firm to support the development of a statewide paid family and medical leave program. The agency requires a comprehensive actuarial analysis, a labor market impact assessment, and a structured implementation framework to evaluate the viability and design of the proposed program. This study will help the agency understand the financial sustainability, potential employer impacts, and administrative requirements of launching this statewide initiative. The scope of work covers actuarial modeling to project program costs, contribution rates, and fund solvency under various benefit scenarios. The selected firm must also assess how the program will affect the local labor market and provide a step-by-step roadmap for operational implementation. All work must be performed offsite at the contractor's own office location, as the agency is not providing on-site facilities for this project. Eligibility is strictly limited to organizations based in the United States. The agency has not disclosed a specific budget and is seeking competitive cost proposals from interested bidders to determine the financial framework for the contract. The solicitation does not specify evaluation criteria weights or key milestone dates, requiring bidders to submit their standard qualifications and pricing structures for review.