Fwd: Fiscal 2025/26 Sick Leave & Severance Valuation

--000000000000ff1a8b0643d4b00c Content-Type: multipart/related; boundary="000000000000ff1a8a0643d4b00b" --000000000000ff1a8a0643d4b00b Content-Type: multipart/alternative; boundary="000000000000ff1a890643d4b00a" --000000000000ff1a890643d4b00a Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 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 this 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 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 additional information. All agencies that wish to participate in this Actuarial review must complete and return the attached form. Note that for those organizations which follow and will continue to report using the CPA =E2=80=93 Accounting Standards for Private Enterprise or CPA 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 the current year liabilities and costs under the PSA Handbook. The review will also be done based on the CPA ASPE/NPO. Please note that a valuation will not be done based on International Financial Accounting Standards. Please ensure you specify the accounting standard you are following in the attached form. If not completed, we will assume you are following the CPA ASPE/NPO. You may wish to discuss the need to be included in this valuation with your auditor. We would like to bring to your attention, when the determining the severance liability, the actuarial valuation is based on the HSCIS field =E2=80=9Ccurrent date of hire with the current employer=E2=80=9D, which cou= ld underestimate the liability if the entitlement would be based on an earlier date. The Notes tab of the attached spreadsheet provides further instructions and details. Inquiries can be made to HLTH.HscisSupport@gov.bc.ca if further information or clarification is needed. Sincerely, Ministry of Health HSCIS Support Email: HLTH.HscisSupport@gov.bc.ca *This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended addressee, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.* --000000000000ff1a890643d4b00a Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tammi and Team, We received the following request from the Ministry of Healt= h regarding the Fiscal 2025/26 Sick Leave & Severance Valuation and I&#= 39;m unsure if this is mandatory. Can someone provide guidance on this matt= er? Thanks,=C2=A0 Germaine Daniels Director Payroll | TheKey Email: germaine.daniels@thekey.com Mobile: 562.784.18= 00 ---------- Forwarded message ---= ------ From: Hscis Suppo= rt, HLTH HLTH:EX < HLTH.HscisSupport@gov.bc.ca >= Date: Mon, Nov 17, 2025 at 4:19=E2=80=AFPM Subject: Fiscal 20= 25/26 Sick Leave & Severance Valuation To: Cc: FinReports, HLTH = HLTH:EX < = HLTH.FinReports@gov.bc.ca > Good afternoon, =C2=A0 The Ministry of Health will be contracti