NOTICE OF INTENT TO ISSUE
PAYROLL DEDUCTION SLOTS

 

In accordance with Section 3-123g of the Connecticut General Statutes, the State Comptroller's Vendor Advisory Committee will be considering submissions from applicants interested in providing products and services to state employees and retirees, the cost of which will be remitted to such applicants through voluntary payroll deductions. Based upon the Committee's recommendations, the Comptroller intends to authorize selected applicants to market approved products and services to state employees and retirees under stipulated terms and conditions for a period not to exceed sixty months commencing October 1, 1999. Employees and retirees electing to purchase approved products and services from authorized applicants will bear their entire cost; no employer contribution is contemplated.

Applications should be as specific as possible and include at least the following information: (1) the name and mailing address of the applicant; (2) a detailed description of the product or service which the applicant intends to market to state employees and retirees; (3) the name, address, and telephone number of any agent of the applicant from whom interested persons may obtain copies of the application; (4) detailed information on the financial ability of the applicant; (5) detailed information on past performance; (6) the applicant's business history and experience; (7) pricing information relative to the proposed product or service; (8) the value to be derived by employees and retirees electing to purchase the proposed product or service, taking into consideration the full range of benefits currently provided to them by the state employer; and (9) references.

To be considered by the Committee, applications (an original plus ten copies) must be received no later than 4:30 p.m. on Friday, April 16, 1999 at the following address:

State Comptroller's Vendor Advisory Committee
55 Elm Street
Hartford, CT 06106
Attention: Steven Weinberger, Director, Retirement & Benefit Services

By submitting applications in response to this public notice, applicants agree to accept the Committee's recommendations and the Comptroller's determinations as final.

Consideration will not be given at this time to applications concerning (1) tax sheltered annuities under Internal Revenue Code, Section 403(b), (2) deferred compensation under Internal Revenue Code Section 457, and (3) long term care insurance.

 

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