PS23-AG-007 - PENSION ACTUARY

ABOUT FCC
FCC is Canada’s leading agriculture and food lender, dedicated to the industry that feeds the world. FCC employees are committed to the long-standing success of those who produce and process Canadian food by providing flexible financing, AgExpert business management software, information and knowledge. FCC provides a complement of expertise and services designed to support the complex and evolving needs of food businesses. As a financial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.

RFP CONTACT
Adam Gottselig
Procurement Manager
Farm Credit Canada
procurement@fcc.ca

RFP SCOPE
FCC is looking for a Proponent to provide actuarial and consulting services in respect of FCC’s pension and post-employment benefit plans, for a term of up to five (5) years (beginning approximately January 1, 2025), with an option to renew for an additional five (5) years. The Proponent is expected to provide all necessary, customary and required actuarial services for the Defined Benefit Pension Plan, as well as administrative services and reporting required by OSFI for both the Defined Benefit and Defined Contribution portions of the Plan as well as for the supplemental pension plans sponsored by the Corporation. In addition, the Proponent will provide the required annual accounting disclosures for the Pension Plan pursuant to International Financial Reporting Standards (IFRS), for reporting purposes to be included in the Annual Audited Financial Statements of FCC and the Pension Plan. The Proponent will also provide actuarial valuation services in respect of other post-employment benefits and general consulting services, when required. Further details of the Scope of Work are noted in the RFP.

RFP PARTICULARS

• All conditions for Proponent participation are included in the RFP documents.
• Duration of Contract:  5 Year Term
• Options: 5 Year Optional Term
• Estimated Quantity of Goods or Services:  N/A
• Timeframe of Delivery of Goods or Services:  Beginning approximately January 1, 2025.

• RFP Release Date:  January 3, 2024
• Proponent Questions Accepted Until:  January 12, 2024 at 2:00PM*
• FCC Response to Proponent Questions Delivered Before:  January 22, 2024 at 5:00PM*
• RFP Closing Date/Time:  January 31, 2024 at 2:00PM*

• This opportunity is covered under the provisions of Chapter 5 (Government Procurement) of the Canadian Free Trade Agreement (CFTA) and Chapter 19 (Government Procurement) of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
• FCC is subject to the Official Languages Act (Canada). Proponents may choose to respond to this RFP in their official language of choice (English or French).
• This opportunity notice references a non-binding, competitive RFP, and is not a call for tenders. FCC is not obligated to proceed with the Work described in the RFP Scope, and may cancel the RFP at any time. FCC’s procurement process allows for consecutive or concurrent negotiations between FCC and one (1) or multiple Proponents, prior to awarding a Contract.

• This Request for Proposals (RFP), including any attachments and amendments to such RFP, is available for download by the Proponent on MERX. MERX is a Canadian Public Tenders electronic bidding system accessible at https://www.merx.com. It is the sole responsibility of the Proponent to ensure its compatibility with MERX.
• Proponent proposals MUST be submitted electronically through MERX, preferably in a PDF or MS Word file, prior to the RFP Closing Date/Time specified in the RFP. Proposals submitted in other formats, by other methods or through any other means, or after the RFP Closing Date/Time specified in the RFP, may be rejected by FCC.