--0000000000007f5dad0643e15c33 Content-Type: multipart/alternative; boundary="0000000000007f5dab0643e15c32" --0000000000007f5dab0643e15c32 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Per the attached spreadsheet, this is a free government service provided to "health sector employers" in British Columbia to assist us with Post-Employment Sick Leave and Severance entitlement calculations so it is not mandatory but meant to assist us by providing a resource. On Mon, Nov 17, 2025 at 5:50=E2=80=AFPM Germaine Daniels wrote: > Hi Tammi and Team, > > We received the following request from the Ministry of Health regarding > the Fiscal 2025/26 Sick Leave & Severance Valuation and I'm unsure if thi= s > is mandatory. Can someone provide guidance on this matter? > > Thanks, > > *Germaine Daniels* > > Director Payroll | TheKey > > Email: germaine.daniels@thekey.com > > Mobile: 562.784.1800 > > > > > > ---------- Forwarded message --------- > From: Hscis Support, HLTH HLTH:EX > Date: Mon, Nov 17, 2025 at 4:19=E2=80=AFPM > Subject: Fiscal 2025/26 Sick Leave & Severance Valuation > To: > Cc: FinReports, HLTH HLTH:EX > > > Good afternoon, > > > > The Ministry of Health will be contracting with an independent Actuary to > complete a Post-Employment Sick Leave and Severance liability and expense > valuation, which will provide the liabilities and expenses that need to b= e > reported in your audited financial statements. The Ministry is supplying > this service at no cost to individual agencies. Only those organizations > who wish to be included in this evaluation need to complete the attached > Sick and Severance Entitlements Form. Agencies that do not comply with > Health Sector Compensation Information System (HSCIS) reporting for the > periods specified will not be included in the Sick Leave and Severance > valuation. *Please return the form to us by November 28th, 2025.* > > > > This valuation will be based on the *Quarter 3, 2025 HSCIS data*, except > for agencies using the Data Entry version of HSCIS the valuation will be > based on the *January to June 2025 HSCIS data*. *Please ensure you have > filed to HSCIS if you wish to participate.* The information from the > valuation report should be included in your yearend financial statements. > > > > In order to fully complete the Sick Leave and Severance valuation it is > necessary to collect additional information. All agencies that wish to > participate in this Actuarial review must complete and return the attache= d > form. > > > > Note that for those organizations which follow and will continue to repor= t > using the CPA =E2=80=93 Accounting Standards for Private Enterprise or CP= A > Not-for-Profit Standards (CPA ASPE/NPO), there is *no need to participate > unless* the Sick Leave or Severance Benefits *vest and a payment is due > at a future date* such as at retirement. > > > > For those who have adopted the PSA Handbook, the update will determine th= e > current