Workers Compensation and Long Term Disability Fund Actuarial Review Services
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Issue Date: June 3rd, 2026
Deadline for asking questions: June 17th, 2026
Request for Proposals Closing Date: June 30th, 2026
Conduct Interviews: July 2026
Anticipated Award: August 2026
Anticipated Commencement of Contract: September 2026
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
The Regional Municipality Of Halton
DESCRIPTION
The selected vendor will provide actuarial review services related to workers compensation funds, long term disability funds, and post-employment liabilities. The engagement involves analyzing claims incurred within both programs and reviewing the fluctuation in experience of existing funds that have accumulated over time.
The vendor will be responsible for calculating the actuarial liability for each fund as of December 31 for the years 2026, 2027, and 2028. An assessment of the adequacy of current reserve funds will be required to ensure sufficient financing of these liabilities. The scope includes delivering an actuarial report with an appendix explaining the quality of source data, actuarial methodologies applied, and any changes compared to the prior actuarial update. This appendix should be clearly formatted for understanding by senior management and must include comparative analysis, changes in assumptions, and recommendations.
Additionally, the vendor will provide recommendations on proper reserve balances and suggest an internal funding rate premium amount for the covered benefits. The project will also involve reviewing current and post-employment benefit reserves and funding levels, with recommendations for necessary changes to reserves and internal funding plans for any unfunded liabilities.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due June 30, 2026. Questions must be submitted by June 17, 2026.
- Who issued this RFP?
- It was issued by The Regional Municipality Of Halton. The work is located in Oakville, Ontario, Canada.
- Who is a good fit for this opportunity?
- Experienced actuarial consulting firm with expertise in public sector benefit plans
- Demonstrated track record in workers compensation and disability fund evaluations
- Capability to analyze reserve funding and create actionable recommendations
- Ability to present complex actuarial findings in a clear format for senior management
- Registered vendor with relevant Canadian authorities
Analysis generated by Settle AI from the source RFP.
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