NICHOLAS ACTUARIAL SOLUTIONS

EMPLOYEE BENEFITS PRACTICE

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We provide employee benefits accounting under the International Financial Reporting Standards (IFRS).
We are specialised in providing actuarial valuation services for employee benefits including pension, gratuity, annuity, long service benefits, post-retirement medical benefits and flexible benefits in Asia.

Our most notable clients are from Singapore, Malaysia and Cambodia, hence, we are familiar with local reporting regulations and requirements of respective countries. Valuation performed using the Projected Unit Credit (PUC) method as required by the IAS 19 Employee Benefits.

We are also familiar with the seniority payment calculation required by the Prakas 443 on Senior Indemnity in Cambodia.

benefit design & planning

• gratuity benefits

• pension benefits

• retirement benefits

• annuity

• long service benefits

• death & disability benefits

• withdrawal benefits

• ill-health early retirement benefits

• post retirement medical benefits

• flexible benefits

• salary planning

• scheme eligibility design

• sustainability analysis

actuarial valuation & financial reporting

• accounting valuation

• funding valuation

• IAS 19 Employee Benefits

• SFRS(I) 1-19 Employee Benefits

• SFRS for SE 28 Employee Benefits

• MFRS 119 Employee Benefits

• MPERS 28 Employee Benefits

• MPSAS 25 Employee Benefits

• sensitivity testing

• dynamic financial analysis

• enterprise data warehouse

employee stock options

• financial derivatives modelling

• Black-Scholes Model

• Monte Carlo Simulation

• binomial lattice

• trinomial lattice

• finite differences

• geometric brownian motion

• economic scenario generator

• stochastic modelling