Consultant to Perform Actuarial Services Relating to Retirement and Other Post-Employment Benefits

The City of Brantford is seeking a consultant to provide actuarial services for retirement and other post-employment benefits for both the City and the Brantford Public Library Board. This engagement covers three reporting cycles, beginning with a detailed actuarial valuation for the 2026 fiscal year and subsequent extrapolations for the 2027 and 2028 fiscal years. The selected consultant must ensure all deliverables, including supporting calculations and financial statement note disclosures, comply with PS 3250 and PS 3255 reporting standards as well as the Accessibility for Ontarians with Disabilities Act. The contract will be awarded to the compliant respondent offering the lowest contract amount following a three-stage evaluation process consisting of mandatory submission reviews, technical requirement assessments, and pricing analysis. The successful consultant must maintain a minimum of 2 million dollars in both Non-Owned Automobile Liability and Errors and Omission insurance, the latter of which must be held for two years following the contract's termination. Additionally, the consultant must provide a WSIB Certificate of Good Standing and adhere to strict confidentiality and privacy standards under the Municipal Freedom of Information and Protection of Privacy Act. Invoicing is to be submitted monthly with net 30-day payment terms.