Workers Compensation Fund, Long Term Disability Fund and Post-Employment Liabilities Review Actuarial Services

The Regional Municipality of York is seeking a qualified actuary to review its workers compensation fund, long term disability fund, and post-employment liabilities. The agency needs to calculate the actuarial liability for claims incurred in both programs as of December 31, 2026, 2027, and 2028. This review will address fluctuations in the experience of the accumulated funds and assess the adequacy of the existing reserve funds set aside to finance these liabilities. The selected actuary must provide a comprehensive report that includes an appendix explaining the quality of source data, the actuarial application, and changes compared to the prior actuarial update in a format understood by senior management. This appendix must feature a comparative analysis to the previous review and detail any assumption changes. The agency also requires recommendations on reserve balances and an internal funding rate premium amount based on full-time equivalents to cover current and future claim costs and system administration. The scope of work further requires an assessment of the current and post-employment benefits program reserves and funding levels to outline recommended changes for reserves and internal funding plans for unfunded liabilities. Bidders must be registered on the issuing authority website to download the unwatermarked request for proposals. Eligibility is restricted to onshore Canadian entities, and the performance of the work must take place onsite. Responses may be submitted digitally via email or online, and the agency is currently looking for proposals to determine the budget.