Re: Fiscal 2025/26 Sick Leave & Severance Valuation

From
Germaine Daniels <germaine.daniels@thekey.com>
To
Steve Koyanagi <skoyanagi@thekey.com>
CC
Tammi Franzese <tammi.franzese@thekey.com>, Nina Kani <nkani@thekey.com>, Timothy Thomas <tt@thekey.com>, Irin Eva <irin.eva@thekey.com>
Date
2025-11-18 09:22:08
Folder
INBOX
--0000000000004bd47a0643e1b674 Content-Type: multipart/alternative; boundary="0000000000004bd4790643e1b673" --0000000000004bd4790643e1b673 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Steve, Thank you for the clarification. Since this service is provided at no cost, do you think it would be in our best interest to complete the Sick and Severance Entitlements Form and participate in the valuation? @Timothy Thomas Could you provide some input on this? What are your recommendations overall? Thanks, *Germaine Daniels* Director Payroll | TheKey Email: germaine.daniels@thekey.com Mobile: 562.784.1800 On Tue, Nov 18, 2025 at 8:57=E2=80=AFAM Steve Koyanagi wrote: > 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 i= s > not mandatory but meant to assist us by providing a resource. > > On Mon, Nov 17, 2025 at 5:50=E2=80=AFPM Germaine Daniels germaine.daniels@thekey.com> 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 th= is >> 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 t= o >> complete a Post-Employment Sick Leave and Severance liability and expens= e >> valuation, which will provide the liabilities and expenses that need to = be >> 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

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