Pema Lsa Actuarial Valuation 2025-26

RFQ253/2026

See details below or the tender documentation

Tender Closed on: 2026-05-08 12:00

Saldanha Bay Municipality

Actuarial Services, Valuation Services

Vredenburg, Western Cape

Saldanha Bay Municipality

Saldanha Bay Municipality Tenders

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Tender Number: RFQ253/2026

Description: PEMA LSA ACTUARIAL VALUATION 2025-26

Closing Date: 08/05/2026

Contact Person: S BIDO

Contact Number: TEL 022 701 7014


Tender Summary

Objectives

The primary objective of this tender is to commission an actuarial valuation report for the Pema LSA for the year 2025-26. The report should include disclosures related to employee benefits, specifically post-retirement medical aid provisions and long service awards, in accordance with GRAP 19 and GRAP 25 standards.

Scope

The scope encompasses the preparation of an actuarial report based on data as of 30 June 2026, covering:

  • Post-retirement medical aid provision disclosures
  • Long service awards disclosures

The successful bidder will be responsible for delivering the actuarial valuation report, including all disclosures, on the specified data, and in the format provided by the municipality.

Technical Requirements

The technical requirements include:

  • Preparation of an actuarial report compliant with GRAP 19 (Employee Benefits) and GRAP 25 (Employee Benefits disclosures)
  • Inclusion of disclosures related to post-retirement medical aid provisions
  • Inclusion of disclosures related to long service awards for approximately 1007 eligible employees
  • Provision of the report in the template format supplied by the municipality
  • Delivery of the report by the estimated date of 10 July 2026
  • Adherence to relevant accounting standards and regulations

Skills Requirements

The tenderer must demonstrate:

  • Expertise in actuarial valuations, particularly in employee benefits and related disclosures
  • Proven experience with GRAP standards, especially GRAP 19 and GRAP 25
  • Ability to analyze and interpret data accurately
  • Capability to prepare comprehensive and compliant actuarial reports
  • Knowledge of South African accounting and regulatory frameworks
  • Strong project management skills to meet deadlines
This summary is AI generated. Download the tender documents for all the information.

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