Social Security Code | Kapadia Global Actuaries

+91 90044 91342
+91 90044 91343

The Code on Social
Security, 2020
Its Implications on
Gratuity Liabilities

Hare is what you

need to Know:

9 Existing Labour Laws Swapped for the New Code

Key Changes impacting Gratuity: Wages Definition & Vesting Criteria for Select Employee Categories

Expected Impact Velocity: ore than 90% Companies in India

Expected Impact Severity: 20% to 50% increase in Gratuity Liabilities can be expected on Average

Get Free Assessment

Video

Step 1: Impact Assessment Report
based on Actuarial valuation

Assessment of Wages

Assessment of Vesting Criteria

Impact Assessment on Gratuity

Get Free Assessment

Step 2: Mitigation Strategies to

Reduce Curb Impact

Salary Redesign

Changes to Other Retirement Benefits

Re-designing of Company Gratuity Schemes which pay higher than Statutory Limits

360 degree review to optimize impact on Employers & Employees

Get Free Assessment

Why Us?

2500+

Client

98.5%

Client Retention Ration

30.5 Lakh

Employees Values Annually

Knowledge Centre

+

G-Sec Interest Rates Yield Chart (India) Actuarial Valuations: Defined Benefit Obligations 30th June 2023

Jenil Shah 04 Jul 2023

Key Learning: Study of Quarterly Deviations in Discount Rate Discount Rate Comparative Chart Study of the…

Read More

+

G-Sec Interest Rates Yield Chart (India) Review: 31st March 2023

Jenil Shah 01 Apr 2023

G-Sec Interest Rates Yield Chart (India) Review: 31st March 2023 Actuarial Valuations: Gratuity, Leave & Pensions AS-15 | Ind AS 19 | IAS 19 | US GAAP Review date: 1st April, 2023 Discount Rate for Actuarial Valuation of Employee Benefit As per Para 83 of IND AS 19/IAS 19 (Revised) & Para 78 of AS 15 [...]

Read More

+

G-Sec Interest Rates for December and Consequent Impact on Actuarial Valuations

Jenil Shah 03 Jan 2023

As per Para 83 of IND AS 19/IAS 19 (Revised) & Para 78 of AS 15 (Revised), the rate used to discount post-employment benefit obligations (both funded and unfunded) should be determined by reference to market yields at the balance sheet date on government bonds. The discount rate is a key assumption used in the [...]

Read More