Employee Benefits
Overview
We provide specialised actuarial consulting services related to Employee Benefits.
A comprehensive range of services is available, with core competency in the actuarial valuation of retirement funds (defined benefit and defined contribution arrangements).
Services
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Statutory and other valuations of retirement funds.
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Accounting valuations of employee benefits, in respect of IAS19/GRAP25/AC116/GAMAP for:
o Retirement benefits (funded or unfunded)
o Long service benefits
o Medical aid subsidies
o Ex-gratia pension and other benefits
o Executive bonuses
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Retirement benefit design/costing/harmonization.
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Fund conversions (DB to DC).
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Advice related to mergers and takeovers.
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Terminations or liquidations of retirement funds.
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Asset/liability modelling.
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Fund efficiency investigations.
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Fund experience analysis e.g. mortality.
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Advice on pensioner increases.
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Advice on bonus declarations.
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Assistance with outsourcing of pensioners.
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Calculation of transfer values (individual or bulk).
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Individual member calculations and projections.
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Division of retirement benefits on divorce.
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General Trustee, Employer or Member advice.