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.
Haven Benefits play an important role in the lives of employees as well as their families. For that reason, the benefits you offer can be a deciding factor for a potential employee’s decision to work at your business.
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