Employee benefit and retirement plans are critically dependent on a wide variety of conditions. Owing to which the amount and timing of such benefit pay-outs are unpredictable. Therefore, it is critical that liabilities remain consistent with regulatory requirements and, at the same time, mitigate risk in this environment of uncertainties.

We have more than 20 years of experience in evaluating the Defined Benefit schemes for India, Nepal, Singapore & middle east region companies. Our team of experts knows the expectations of the client and has a firm hold on local and accounting laws related to employee benefit.

ACCOUNTING Valuation of employee benefits and retirement plans

Performing statutory valuations (AS15 actuarial valuation, IAS19, US GAAP and other International Accounting Standards) of your organisation's employee benefit schemes so that you stay in compliance with the regulatory standards and manage to plan for the future intelligently.

Employee Benefit Schemes includes but not limited to following:

1. Gratuity

2. Compensated Leave Absences

3. Pension

4. Long Service Award

5. Exempt PF

6. End of Service Benefit

7. Any other Employee Benefit not covered above

Developing funding and investment strategies

Reducing investment risk exposure and pro-actively managing scheme funding are key priorities of the sponsors of defined benefit pension schemes. Having an in-depth understanding of how scheme assets and liabilities perform under a range of market conditions and predicting economic scenarios around an investment is essential part for the risk management process.

A single point strategy might not fit all the requirements. Primary considerations involve knowing what market conditions make a given strategy appropriate, when strategies need to be reviewed and/or revised, and how robust a single strategy can be in reaching desired outcome. STAC, a consulting actuary firm, with its domain expertise helps 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.

Designing of employee benefit schemes

Assists 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.