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Mandate Details

Description: Actuarial study of the family and medical leave premium rate, premium rate structure, weekly benefit formula, duration of benefits, fund reserve, and other components as necessary to determine an actuarially sound rate and future rate-setting mechanism of the family and medical benefit insurance program.
Law: 2023 Minn. Laws Chap. 59 Art. 1 Sec. 41
Agency(ies)/Supplier(s): Minn. Dept. of Employment and Economic Development
Due Date: 10/31/2023
Frequency: One time
Subjects: Children/Youth/Families - Parental/Family Leave
Health Care - Health Insurance
Note: The Minn. Dept. of Employment and Economic Development must contract with a qualified independent actuarial consultant

Item(s) Received

TitlePublisher(s)Publication DateCoverageDate ReceivedReport LinkCall #
Actuarial Analysis for the Minnesota Paid Family and Medical Leave Program Milliman USA
Minn. Dept. of Employment and Economic Development
October 27, 2023 10/27/2023 23-1691.pdf
HD5115.6.U6 C67 2023