The actuarial gain or loss arises because of two reasons: 1. Change in the Valuation Assumption(s) If there is a change in the assumptions from the last valuation to the current valuation, then the change in liability due to a change in assumption(s) is recognized… Read More »Actuarial Gain or Loss
Accounting Standards such as IAS 19, require the use of the Projected Unit Credit (“PUC”) method. The PUC method is a generally accepted actuarial method and is used to determine the value of benefits. The projected unit credit method (sometimes known as the accrued benefit method… Read More »Projected Unit Credit (PUC)
Data is key to any actuarial valuation. One need to have reconciled Data to arrive at the proper estimate for the liabilities. Scheme Details Whether Scheme is funded? Non-funded? and other related questions Company’s benefit policies – retirement age, benefit vesting rights are the key… Read More »Data Requirements- Actuarial Valuations