Retirement services in India

Mercer's Retirement, Risk & Finance business helps client achieve effective plan design, financial management and communication of all types of retirement plans.

In India, accountings standards are evolving in line with international standards. This has a significant impact on the financial statements and disclosures of companies and it is important that the valuation of the employee benefits is adequate and prudent.

In addition, companies complying with most global accounting standards also need to assess whether their termination indemnities trigger a material balance sheet liability.

How Mercer can help

As one of the largest employers of actuaries and retirement consultants around the world, we work with clients to meet their retirement services needs. Our competitive pricing, high quality technical capabilities combined with a dedicated relationship management structure ensures client satisfaction.

Accounting

Mercer's accounting service provides clients with the actuarial analysis needed to measure and report liabilities of their termination indemnities and defined benefit plans. We work interactively with clients and their auditors throughout the process. Our Information Product Solutions team provides inputs for assumptions setting which are critical for valuing the liabilities and we have the resources to perform complex and high volume valuations. Our consulting team is experienced in IFRS and can value PF utilizing the expertise of our investment actuarial experts.

Our actuaries can:

• Assist companies to determine the different assumptions used for valuing the liabilities using robust empirical models
• Perform actuarial calculations and provide the information required by the relevant accounting standards (e.g. AS15 (revised), IAS19, FAS87)
• Ensure ongoing compliance with the complex rules that regulate the accounting for retirement
• Liaise with the company auditors and headquarters, as necessary.

Plan design

Plan design services help clients identify their objectives and implement retirement strategies to achieve them. In addition to legislative changes, corporate reorganisation and changing demographics may require clients to evaluate the effectiveness of retirement programs.

Our consultants can help you identify your objectives, design the appropriate retirement plan and successfully implement it.

Mercer & acquisition support

Mergers, acquisitions and divestitures raise significant retirement plan issues for clients. Typically, questions start to emerge in the due diligence and evaluation process where potential liabilities are identified.

We assist clients to understand the financial issues related to benefit plans, take full advantage of one-time opportunities related to income statement and balance sheet accounting issues and develop post-transaction strategies for the harmonization of retirement and other employee benefits.