Actuarial Services

The Corporation of the Municipality of Leamington is soliciting proposals for professional actuarial services to manage reporting and disclosure requirements for post-employment benefits and non-vested accumulated sick pay. The selected provider will ensure compliance with PS 3250 Retirement benefits, PS 3255 Post-employment benefits, and general PSAB accounting and financial reporting standards. Key deliverables include a full actuarial valuation and PS 3250 disclosure report as of December 31, 2026, with projections for 2027 and 2028, followed by extrapolated accounting and disclosure reports for the subsequent two years if significant demographic or plan changes occur. All valuations and disclosures for the initial period must be completed by March 31, 2027. The contract is scheduled for a three-year term beginning in November 2026, with an option for a one-year extension upon mutual agreement. Proposals must be submitted electronically by October 23, 2026, and must include a firm quotation in Canadian funds, exclusive of HST, along with a proposed billing schedule. Evaluation is based on organizational qualifications, approach, and cost, with the lowest-cost proposal receiving maximum points for the fee component. Additionally, successful proponents must meet health and safety qualification standards, maintain strict confidentiality, and coordinate directly with the Director of Financial Services, Technology and Funding Strategies.