Actuarial Costing and ROI Analysis for Workers’ Compensation Modernization

The contract seeks an independent actuarial analysis to evaluate the financial implications of maintaining the current federal workers’ compensation system against two proposed modernization alternatives. The analysis must model long-term costs and return on investment across the entire system, with specific attention to high-value claimants and representative mid-tier federal agencies. The study will require robust statistical modeling, historical claims data interpretation, and projections incorporating demographic, economic, and policy-related variables to assess sustainability, efficiency, and equity under each scenario. The work must be delivered by the deadline of August 26, 2026, under a subcontract structure governed by the North American Industry Classification System code 541611, indicating professional scientific and technical consulting services. The contracting authority is the Government of Canada through the Department of Employment and Social Development, with performance expected to occur within Canada. The analysis should provide actionable insights to inform decision-making on system reform, balancing fiscal responsibility with equitable outcomes for injured workers and agency operations.