At Numerica, we are well positioned to provide services that are both tailor-made to meet your business requirements and designed to provide demonstrable added value in-line with your commercial objectives. We advise employers on a variety of strategic issues and provide actuarial valuation services.

Numerica has expertise in deploying stochastic and financial economic methods to accurately estimate cost of guarantees under benefit schemes having a minimum benefit guarantee.

Our employee benefits services include:

• Financial Reporting of employee benefits under:
  • Indian GAAP – AS 15 (revised, 2005)
  • US GAAP – FAS 158; UK GAAP – FRS 17
  • International GAAP – IAS 19
  • Estimate valuations for future accounting periods
  • Assumption setting

• Experience Analysis
  • Analysis of employee turnover rates, option take-up rates
  • Investment performance measurement and analysis

• Funding and Statutory Valuations
  • Setting contribution rates so as to meet specified objectives
  • Assessment of adequacy of funds
  • Preparation of run-off plans for closed/discontinued schemes
  • Statutory funding valuations under US and UK legislations

• Asset Liability Management for estimation of:
  • Optimal investment strategy/asset allocation
  • Costing and reporting of minimum benefit guarantees/underpins under Defined Contribution schemes

• Consulting
  • Setting up terms for early/late retirement , commutation and other employee options
  • Employee benefit issues in Mergers & Acquisitions
  • Advice on funding and insurance decisions by performing rigorous cost-benefit analysis

• Scheme design and alteration:
  • Cost estimation for alternative Defined Benefit designs
  • Setting contribution rates for Defined Contribution schemes
  • Conversion from Defined Benefit to Defined Contribution

• Valuation and accounting of Employee Stock Ownership Plans (ESOPs)
• Advisory services on finance and investment