In this briefing note, Milliman’s Heerak Basu and Patrika Bansal analyse the evolution of the discount rate for measuring employee benefit obligations under AS15(R), AS19 and IAS19. They consider the change in discount rates as well as the impact on the change in the value of obligations over the last 12 months.
This paper by Milliman consultants Danny Quant and Simon Herborn provides an update for the quarter ended June 30, 2014, on discount rate changes as they apply to liabilities under AS15(R), India’s accounting standard for the cost of providing employee benefits. Implied yields have fallen since March 31, 2014. The impact of this fall will depend on the weighted average expected future working lifetime (WAEFWL) of employees.