Maine Paid Family & Medical Leave Contracts with Spring Consulting Group, An Alera Group Company, LLC for Actuarial Services

June 16, 2025

For Immediate Release: June 16, 2025

Maine Paid Family & Medical Leave Contracts with Spring Consulting Group, An Alera Group Company, LLC for Actuarial Services

The company was chosen through a competitive RFP process.

AUGUSTA - The Maine Department of Labor has announced that after a competitive RFP process, it has contracted with Spring Consulting Group - https://www.springgroup.com/, An Alera Group Company, LLC, a national health and financial services firm, to conduct actuarial studies of the Maine Paid Family & Medical Leave (PFML) trust fund.

The actuary will be responsible for conducting the initial PFML trust fund solvency study. Statutorily, this study must be completed before benefits become available in 2026. Subsequent annual studies are required to aid in the setting of annual contribution rates and maximum benefit amounts.

"We look forward to our partnership with Spring Consulting Group to help maintain a PFML trust fund that preserves the health of the fund at an affordable rate for years to come," said Luke Monahan, Director of Maine Paid Family & Medical Leave. "We were impressed with their thoughtful and thorough approach to customizing studies of Maine's trust fund based on the unique characteristics of our State."

"Spring Consulting Group is honored to support the State of Maine on this important initiative," said Harindra Sebastian, National Chief Health Actuary at Spring Consulting Group, An Alera Group Company, LLC. "We're excited to bring our actuarial expertise to help build a program that's financially sustainable and delivers real value to Maine's workers, families, and communities. Its a privilege to support the state in creating a program that will serve its residents for years to come."

Spring Consulting Group, An Alera Group Company, LLC, has years of experience working with state PFML programs and employer absence programs to develop long-term benefits strategy, prepare cost projections, and calculate reserves for the long-term sustainability of leave programs.

Beginning May 1, 2026, eligible Maine workers in the private and public sector will have up to 12 weeks of paid time off available to care for a family member with a serious health condition, to bond with a child after birth, fostering or adoption, to care for their own medical needs, to deal with the transition of a family member's impending military deployment or to stay safe after abuse or violence.

Updates on the Maine Paid Family and Medical Leave program are posted here: https://www.maine.gov/paidleave .

Interested parties can also sign up for an email list on the website.

Follow PFML on Instagram - https://www.instagram.com/mainepaidleave/ .