Actuarial valuations play a crucial role in managing employee benefits like gratuity, end of service benefit, and leave encashment. Organizations need to understand the financial implications tied to these obligations. When companies fail to assess key actuarial assumptions correctly, they
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Gratuity is an important financial benefit for employees, especially those working in government sectors. The recent announcement about the change in the gratuity ceiling for Central Government employees marks a significant shift. This change is aimed at benefiting a large
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Gratuity is a lump-sum payment given by employers to employees as a token of appreciation for their service. In India, it’s a statutory benefit mandated by law. Gratuity insurance helps employers manage this financial obligation efficiently. It ensures that when
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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 Actuarial Valuation of Gratuity is a method of valuing the value of an employee’s pension liability. It is used to determine how much money employers will have to pay out in pensions. The Actuary determines how much an employer
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