DES-Emergency Extension_Benefit Banking 4/1/26 -6/30/26

The State of Illinois, Department of Employment Security, is seeking an emergency extension for benefit banking services to distribute unemployment insurance benefits to eligible claimants and to administer lockbox operations. The extension is for the period of 4/1/2026 to 6/30/2026, and the estimated cost is $112,917. The services will be provided by JP Morgan Chase. The key aspects of the job include: • Benefit Payment Component for the distribution of unemployment insurance benefits • Lockbox Component for the administration of lockbox operations • Maintaining all required IDES accounts, lockbox processing, archive digital images of lockbox materials, and other online banking related portals and reporting The agency is seeking this emergency extension due to the complexity of establishing a new contract and the previous delays experienced. The agency aims to have this extension in place to avoid any interruption in benefit services for claimants.