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My company is making provisions for pension liabilities in the books. The provision is equivalent to number of years saved multiplied by the current salary. the liability is not funded out side or within the company. There has been no actuarial valuation.
in IAS 19 - Employee Benefits by

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Valuation by a professional acturial is not compulsory. What is required is the use of an Acturial technique. The method you are following is clearly not an Acturial method.

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by Level 5 Member (11.6k points)