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The Code On Social Security, 2020
Central Government stated that there are over 100 state and 40 central laws regulating various aspects of labour such as resolution of industrial disputes, working conditions, social security and wages. The Second National Commission on Labour (2002) found existing laws to be complex, with archaic provisions and inconsistent definitions.
Discount Rate for Actuarial Valuations of Employee Benefits (December 2020)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds.
Discount Rate for Actuarial Valuations of Employee Benefits (September 2020)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Discount Rate for Actuarial Valuations of Employee Benefits (June 2020)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Discount Rate for Actuarial Valuations of Employee Benefits (March 2020)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds.
Analysis of Salary Growth Rate assumption adopted by NSE 50 Companies (FY18 and FY19)
Salary growth rate is one of the most important assumptions made while performing actuarial valuation of salary based employee benefit schemes such as gratuity, earned leaves, pensions etc.
Discount Rate for Actuarial Valuations of Employee Benefits (December 2019)
The discount rate used in actuarial valuations of employee benefit plans such as gratuity, pension, earned leave etc. is determined by reference to market yields at the balance sheet date on government bonds. Para 83 of Ind AS19 reads as under:
Why you should ask for employee wise liability?
Actuarial valuation of End of Service Benefit (EOSB) liability involves the determination of the liability for each and every employee of the organisation. The liability for each employee is calculated as the present value of the accrued benefits using the Projected Unit Credit (PUC) Method, as prescribed in IAS 19 Employee Benefits.