ACTUARY SERVICES

We offer the following consultancy services for Post-Retirement Employee Benefit Programs (that is for Pension, Gratuity, Medical Schemes and other free or subsidized facilities) and Other Long Term benefit programs (such as leave accumulation and/or encashment): 

• Carrying out actuarial valuations to determine financial implications of introducing new schemes or varying benefits of existing schemes (this includes identifying one time and recurring costs).
• Assistance in selecting appropriate benefits, in view of an organization’s objectives, prevalent norms and cost constraints.
• Carrying out a funding actuarial valuation to determine surplus/deficit, assessing the appropriateness of existing funding strategy, and recommend changes where required.
• Assistance in devising the appropriate strategy for the financing of start-up or benefit change costs.
• Preparation of trust deeds, rules and supplementary documents for administering the program.
• Assisting in preparation of reports for such programs according to specifications of prevailing International and Local Accounting Standards (such as International Accounting Standard 19 for reporting in Pakistan).
• Providing prudent advice on the appropriateness of investment policies practiced by funded schemes in various allowed instruments, by analyzing their yields and taking into account the cash-flow requirements for benefit payments etc.
• Preparing cash flow projections for employee benefit schemes to assist organizations in cash flow management and budgeting.