APPOINTMENT OF A SERVICE PROVIDER TO CONDUCT ACTUARIAL VALUATION, LEGAL COMPLIANCE, AND INDIVIDUAL NEGOTIATIONS FOR THE BUYOUT OF…

In short

The service provider will conduct an actuarial valuation, legal compliance assessment, and individual negotiations for the buyout of post-retirement medical aid obligations. This involves data verification, liability valuation, developing a buyout pricing matrix, drafting a legal framework and settlement agreements, and managing a communication campaign with individual negotiations and onboarding. The goal is to design, manage, and execute a voluntary buyout program for the Council's Post-Retirement Medical Aid liability.