Independent actuarial valuation of long-term liabilities related to the payment of pension benefits to employees

Engagements for the financial activity regulator in the Russian Federation

The KPMG team has successfully accomplished engagements to perform the actuarial valuation of long-term liabilities related to the payment of pension benefits to employees in 2011-2014 in accordance with provisions of the pension program, laws of the Russian Federation, and IFRS.

Description of the work

  • Preparation of a review of retirement benefit plans
  • Providing advice necessary to set forth actuarial assumptions
  • Valuation of the liabilities that arise in relation to long-term benefits due to employees and retired employees under the defined benefit plan
  • Analysis of the sensitivity of retirement benefit liabilities to varying actuarial assumptions
  • Calculation of expenses which must be recognized in the statement of profit or loss
  • Indicative forecast of the value of retirement benefit liabilities
  • Illustrative accounting disclosures in accordance with IAS 19
  • Recommendations on the retirement account replenishment