Quotations are hereby requested for the calculation of actuarial services for inclusion in the Annual Financial Statements (GRAP 25). 1. Description of work: To conduct an actuarial valuation of the municipality’s post-retirement medical aid liability in accordance with GRAP 25 - the accounting standards for employee benefits in the local government, 2. Scope of work: The municipality requires the qualified to assess and value the organisation’s postretirement, medical aid liability, long services award benefit and ex-gratia benefits, 3. Key Activities: I. Data collection & Validation, II. Gather employee and retiree date including age, gender, employment history, medical aid membership, and salary info, III. Review and clean data for completeness and accuracy, 4. Assumption Setting: I. Economic assumptions (e.g., discount rate, inflation), II. Demographic assumptions (e.g., mortality, retirement age, withdrawal rates), III. Medical inflation and membership continuation assumptions, 5. Actuarial Valuation: I. Calculate the present value of future medical aid contributions, II. Determine the Defined Benefit Obligation (080), III. Apply the Projected Unit Credit method as per GRAP 25, IV. Prepare a detailed actuarial report including, 6. Preparation of Actuarial Report: I. Summary of methods and assumptions used, II. Disclosure requirements per GRAP 25, III. Sensitivity analysis of key assumptions, IV. Reconciliation of liability year-on-year, 7. Presentation to Stakeholders: I. Present key findings to finance team (Payroll and human resource) subsequently to final report to the Chief Financial Officer, II. Support auditors with necessary documentation or clarification, 8. Municipality"s Expectations: I. Full compliance with GRAP 25, II. Clear, audit-ready documentation, III. Transparent and justifiable assumptions, IV. Timely delivery to meet financial reporting deadlines, V. Assistance during audit processes if needed. (ЮАР - Тендер #66157712)

BTO-ASAFS-2025/26-KMHLM New

Quotations are hereby requested for the calculation of actuarial services for inclusion in the Annual Financial Statements (GRAP 25). 1. Description of work: To conduct an actuarial valuation of the municipality’s post-retirement medical aid liability in accordance with GRAP 25 - the accounting standards for employee benefits in the local government, 2. Scope of work: The municipality requires the qualified to assess and value the organisation’s postretirement, medical aid liability, long services award benefit and ex-gratia benefits, 3. Key Activities: I. Data collection & Validation, II. Gather employee and retiree date including age, gender, employment history, medical aid membership, and salary info, III. Review and clean data for completeness and accuracy, 4. Assumption Setting: I. Economic assumptions (e.g., discount rate, inflation), II. Demographic assumptions (e.g., mortality, retirement age, withdrawal rates), III. Medical inflation and membership continuation assumptions, 5. Actuarial Valuation: I. Calculate the present value of future medical aid contributions, II. Determine the Defined Benefit Obligation (080), III. Apply the Projected Unit Credit method as per GRAP 25, IV. Prepare a detailed actuarial report including, 6. Preparation of Actuarial Report: I. Summary of methods and assumptions used, II. Disclosure requirements per GRAP 25, III. Sensitivity analysis of key assumptions, IV. Reconciliation of liability year-on-year, 7. Presentation to Stakeholders: I. Present key findings to finance team (Payroll and human resource) subsequently to final report to the Chief Financial Officer, II. Support auditors with necessary documentation or clarification, 8. Municipality"s Expectations: I. Full compliance with GRAP 25, II. Clear, audit-ready documentation, III. Transparent and justifiable assumptions, IV. Timely delivery to meet financial reporting deadlines, V. Assistance during audit processes if needed.

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2025-08-15 12H00

Импорт - Экспорт по стране ЮАР