The re-introduction of the Old Pension Scheme (OPS) has sparked conversations and opportunities within the financial sector. For actuarial consultants, the Old Pension Scheme offers promising new avenues for consultation and advisory services. Businesses are eager to understand the financial
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Pension schemes play a vital role in securing financial stability after retirement. Both the National Pension Scheme (NPS) and the Old Pension Scheme (OPS) have been prominent retirement benefits in India, offering distinct features to employees. With changing economic conditions,
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Financial stability is crucial for businesses. One way to achieve this is through actuarial valuation. This process helps assess risks and predict future financial outcomes. Here, we will explore how actuarial valuation supports financial stability in enterprises. What is Actuarial
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Working long enough with a company will expose you to quite a few financial terms. One such common word is “gratuity”. Although, it might sound fancy for a lot,it actually refers to a kind of monetary benefit some employees receive.
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The Payment of Gratuity Act, 1972 (the Act) serves as a foundation for employee gratuity in India. However, determining eligibility for employees with service exceeding four years but falling short of the five-year threshold can be complex. The landmark case
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Actuarial valuation plays a vital role in assessing the financial implications of various employee benefits, including leave policies. These policies encompass different types, such as annual leave, sick leave, and maternity/paternity leave. Actuarial valuation helps organizations understand the present and
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