The outbreak of COVID-19 and the ensuing lockdown has affected businesses across every industry. As a result, the Government and Reserve Bank has brought about drastic measures, that will have consequences on the valuation of future liabilities for employee benefits reporting.

In this newsletter, we take a look at how the pandemic has affected actuarial assumptions like discount rate and attrition rate, and how we can mitigate the impact caused by the drop in long term bond rates over the last 2 months.