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Zalamea Actuarial

Author: Raymund Zalamea

January 16, 2023January 16, 2023blog

Understanding Employee Retirement Plans

Retirement plans are an important consideration for employees and businesses in the Philippines. These plans provide financial security and stability during an […]

March 2, 2020May 12, 2020articles, blog

Why Employers Should Explore Work from Home Scheme in 2020

There was a time when working from home was just a vivid dream, but recently, there’s been a surge of jobs you […]

February 11, 2020May 12, 2020articles, blog

Issuance of Certificate of Employment and Release of Final Pay (2020)

The new Labor Advisory No. 6 Series of 2020, was released last January 31, 2020 by The Department of Labor and Employment. […]

April 27, 2018May 12, 2020articles, blog, Uncategorized

Retirement Plan for Millennials

Is your current retirement plan still relevant?

January 24, 2018May 12, 2020articles

Retirement Liability Under PAS 19

What are the reasons for the increase in the retirement liability?

February 27, 2017May 12, 2020glossary

What is the Annual Normal Cost (ANC)?

The ANC is the required current contribution of the Company for the service to be rendered by the employees for this year.

February 27, 2017May 12, 2020glossary

What is the Past Service Liability (PSL)?

The PSL is the liability of the company for the services rendered by their employees from date of hire to valuation date. […]

February 27, 2017May 12, 2020glossary

International Accounting Standards (IAS) 19 Explained

Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte. IAS 19 Employee Benefits (amended 2011) outlines the accounting […]

February 27, 2017May 12, 2020articles, glossary

The Philippine Retirement Pay Law (RA 7641)

RA 7641 prescribes minimum retirement benefit that companies must pay eligible retiring employees.

February 27, 2017May 12, 2020articles

Tax Advantages of a Retirement Plan

Since RA 7641 does not require companies to set up formal retirement plans, why, then, should the consider doing so?

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