Actuarial Services for Employee Benefits Valuation

The City of Tshwane is inviting tenders for the provision of actuarial services aimed at performing comprehensive valuations of employee benefits. These valuations must adhere to the International Accounting Standards 19 (IAS 19) and the Generally Accepted Accounting Practice 25 (GRAP 25) over a span of three financial years. The successful bidder will be responsible for accurately assessing the financial implications of employee benefits, ensuring that the City remains compliant with relevant accounting standards and regulations.

This tender represents a significant opportunity for qualified actuarial firms to contribute to the financial integrity of the City of Tshwane. The scope of work includes, but is not limited to, conducting detailed assessments of employee benefit obligations, preparing reports for financial statements, and providing ongoing support and advice regarding changes in accounting standards or employee benefits legislation. Firms must demonstrate expertise in actuarial science, a strong understanding of IAS 19 and GRAP 25, and the ability to deliver high-quality, timely reports.

By engaging in this tender, the City of Tshwane aims to enhance its financial reporting and ensure that its employee benefits are accurately reflected in its financial statements. This will not only aid in compliance but also foster transparency and accountability in public financial management. Interested bidders should possess a proven track record in actuarial services and be prepared to deliver exceptional value through their expertise.