AS 15 Actuarial Valuation

KP Actuaries and Consultants can assist you in performing AS 15 actuarial valuation of various defined benefit plans (actuarial valuation of gratuity). We provide actuarial valuation of gratuity and other benefit plans so that you are able to fulfil the responsibilities of employer-employee relationship within the regulatory framework. Actuarial valuation of gratuity is performed generally in line with Payment of Gratuity act 1972, but we can also assist in AS 15 actuarial valuation in case companies follow a different gratuity policy. We provide actuarial valuation for gratuity under various accounting standards, such as AS 15, IAS 19, US GAAP. 

AS 15 actuarial valuations are usually performed for various defined benefit plans, such as –

• Actuarial valuation of gratuity
• Defined Benefit Pension Plans valuation
• Actuarial valuation of Leave Encashment (Privilege/earned/sick/others)
• Leave Availment valuation (Privilege/earned/sick/others)
• Long Service awards valuation
• Provident Fund valuation (in case of employer managed trusts)
• Deferred Bonus/Benefits valuation
• Post-Retirement Medical Benefit Schemes (PRMBS)

kp actuaries and consultants

Actuarial Valuation and Actuarial Valuation of Leave Encashment

Actuarial valuation of gratuity and actuarial valuation of leave encashment both form a part of AS 15 employee benefit plans. 

Actuarial valuation of gratuity and actuarial valuation of leave encashment includes –

• Calculating expenses that should be recorded on Profit and Loss statements
• Calculating Balance Sheet Liabilities

In doing above, we help you with determining the correct value of the benefits offered.We assist you in determining assumptions for both Actuarial valuation of gratuity and actuarial valuation of leave encashment, based on your experience and factors relevant to you, so that the charge to P&L and liability in Balance Sheet is neither over stated nor understated. At KPAC, we help you quantify and understand the key risk drivers and their impact on scheme funding as well as the interaction between funding and investment strategies. 

Actuarial valuation of gratuity is usually a defined benefit plan whereas actuarial valuation of leave encashment is usually treated as long term employee benefit plan.

AS 15 Employee Benefits

KP Actuaries and Consultants can assist you in performing AS 15 employee benefits actuarial valuation so that your organization stays in compliance with the regulatory requirements and is able to plan the future more intelligently. The major AS 15 employee benefit plans that require actuarial valuation are –

• Gratuity actuarial valuation
• Defined Benefit Pension Plans valuation
• Actuarial valuation of Leave Encasement (Privilege/earned/sick/others)
• Leave Av ailment valuation (Privilege/earned/sick/others)
• Long Service awards valuation
• Provident Fund valuation (in case of employer managed trusts)
• Deferred Bonus/Benefits valuation
• Post-Retirement Medical Benefit Schemes (PRMBS)
  
AS 15 employee benefits (Pension plan valuation) is performed to assess the long term liability or cash flows that the company might expect.

KP Actuaries and Consultancy

KPAC (Actuaries and Consultants) is an actuarial consulting firm working and providing solutions in various actuarial practice areas including:

• Employee benefits (including carrying out valuations under AS15 and IAS19),

 • Insurance (Life insurance as well as general insurance), 

 • Outsourcing and actuarial talent management (currently brewing)

All the actuarial consultants in the team work in close tact with the consulting actuary and endeavor to develop solutions that work seamlessly for your business. Endeavor

of KPAC (actuarial consultants) is to provide consultancy services with focus on value addition for each client. 

Khushwant Pahwa is a qualified actuary and is also the founder of the KP Actuaries and Consultants (Consulting actuary). KPAC is an actuarial consulting firm working in diversified areas of actuarial practices. KPAC has a team of experienced actuarial consultants. Khushwant Pahwa also has been an actuarial consultant for various companies in the past and is also an actuarial consultant (Appointed Actuary) for IFFCO TOKIO General Insurance Company.

KPAC – Actuarial Valuation Services

KPAC is an actuarial consulting firm providing service in areas requiring actuarial specialization, such as –

• Designing and actuarial valuation of employee benefits scheme (AS 15 / IAS 19 and other international Accounting Standards)
• ESOP structuring and valuation
• Developing funding and investment strategy

KPAC is a knowledge intensive consulting firm which operates and delivers actuarial valuation services with an endeavor to ensure value addition. KPAC follows standard employee benefits actuarial valuation metrics which can help an organization manage future expectations with preparation. KPAC provides actuarial valuation of gratuity and other valuations so that you are able to fulfill the responsibilities of employer-employee relationship within the regulatory framework. 

We work within the parameters of the law to create perfect conditions that helps you manage employee expectations with ease. With its domain expertise, KPAC can help you quantify and understand the key risk drivers and their impact on scheme funding as well as manage the interaction between funding and investment strategies. KPAC can also assist you in structuring and restructuring of employee benefit schemes within the ambit of local markets, tax and legal restrictions and align them to your human resource and financial needs.

Gratuity Valuation

Actuarial & Gratuity Valuation services

Gratuity Actuarial valuations in India

Actuarial Valuation Leave Encashment

Actuarial valuation of leave encashment from KPAC

Actuarial Consultants at KPAC

Kpac actuarial consultants from KPAC