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Zalamea Actuarial
  • About Us
  • Actuarial
  • Retirement
  • Benefits Administration
    • HR Management
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    • DC Plan Administration
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Zalamea Actuarial

Category: glossary

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, 2020glossary

What is the difference between PAS 19 and ASC 715 (US GAAP)?

Here are some highlights on the comparison between the Amended PAS 19R and the ASC 715 (US GAAP) reporting of employee benefits: […]

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Email
info@zalamea.ph

Phone
0917-805-2020
8894-2095
8893-8456

Address
15/F Cityland 10 Tower 2,
154 HV Dela Costa St.,
Salcedo Village, Makati City, Philippines

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