Assumptions to make while making Actuarial Calculations

Charan Gupta Consultants Pvt. Ltd is committed to offer its clients help and assistance with issues like payroll management, employment benefit schemes, evaluating employment benefits scheme, managing trust funds. The business believes in treating its customers with efficiency and dedication. It provides much trustworthy solutions to customer queries pertaining to employee benefits. The business assists its client companies in evaluating employment gratuities. It helps companies to deal with leave encashment liabilities, post retirement and medical benefits liability, pension liability. The company maintains its corporate website that highlights in detail the services it offers to its customers or clients.

The business offers actuarial valuations to its clients or customers. Actuarial valuations require employee database, it requires a selection of assumptions as well as fundamental company information. While doing actuarial calculations the business makes certain assumptions and they are described as follows:-

The business makes financial assumptions as well as demographic assumptions.

  • Financial assumptions include assumptions on discount rate, future hike in salary and expected return on planned assets for the future.
  • Demographic assumptions include assumptions on mortality table, retirement age as well as turnover and attrition.