Navigating Retirement Benefits in India – Latest updates, trends and best practices under IND AS19

Rising benefit costs and volatility in interest rates continue to be key challenges that employers face today as cited by a recent WTW survey. Moreover, constant regulatory changes, including the proposed implementation of labour codes and the recent Supreme Court judgement on EPS-95 could have major implications for retirement benefits in India.

The evolving landscape of retirement and other long-term benefits in India has made it prudent for companies to monitor and continuously assess the costs of such benefits under IND AS 19.

Given this context, and as we prepare for the financial year-end, WTW conducted the annual webinar on February 22, 2023 that covered:

• Latest updates and trends on retirement benefits, including a recap on potential implications due to Social Security Code and other findings from WTW’s latest State of Retirement survey
• Understanding the IND AS 19 disclosures and the key drivers impacting the actuarial liabilities, including insights and case study on analysis of actuarial gains and losses
• Recent development around bond yields and volatility in investment markets, affecting the actuarial liabilities, assets and expense
• Key considerations while determining the amount / timing of contributions for funded plans, including the use of asset-liability matching techniques

The webinar was led by Ritobrata Sarkar, Head of Retirement, WTW India and Senior Actuaries – Rahul Sharma and Katherine Law.

Please fill the form below to watch the webinar replay and download presentation slides.

Access the on-demand webinar and presentation