Appointment Of Actuaries To Perform Actuarial Valuation

Request For Proposals

General Information

South Africa
   May 18, 2017
   May 22, 2017

Contact information

   78C President St, Germiston, Johannesburg, 1401, South Africa
South Africa
   +27-11 999 1664

Goods, Works and Services

Actuarial services  

Original Text

Tenders are invited for Appointment of Actuaries to perform actuarial valuation Scope of Contract: The Ekurhuleni Metropolitan Municipality (Emm) Seeks Proposals From the Actuaries. - to Perform an Actuarial Valuation of the Liability in Respect of Post-employment Health Care Benefits (Medical Aid Funds) to Employees and Retirees of Ekurhuleni Metropolitan Municipality and to Their Registered Dependents (Approximately 18 000 Individuals) as at 30 June 2017. To Perform an Actuarial Valuation of the Unfunded Liability in Respect of the Entitlement of Employees to Long Service Awards (Approximately 16 000 Employees) as at 30 June 2017. - to Provide Necessary Disclosure Note of the Abovementioned Actuarial Valuations as Per the Requirements of the Relevant Generally Recognised Accounting Practice Standards. - to Provide the Municipality With a Template to Perform Roll-forward Procedures, This Will Enable the Municipality to Establish the Valuation of the Abovementioned Liabilities for Future Financial Years. - Provide Assistance to the Municipality During the Audit of the Financial Statements Pertaining to These Liabilities, Liaising With the Auditors and Responding to Information Requested Thereof. - Details on Assumptions and Factors Must Be Provided, Included the Source of the Information. - Additional Explanations on Disclosure Information Are Encouraged for Audit Purposes. Closing Date: 22 May 2017 Closing Time: Before 15h00

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