Long Service Leave

Actuarial Reviews, Valuations and Advice

GM Actuaries provides valuations of long service leave liabilities for individual employers and for industry-wide long service leave schemes.

For industry-wide long service leave funding arrangements, we can provide:

• Valuations of liabilities
• Scheme reviews
• Benefit costings
• Advice on contribution rates
• Portability arrangements

For employers, we can apply actuarial techniques to calculate the present value of your long service leave liabilities for your financial statements.

Our valuations take into account factors such as:

• Expected rate of employees becoming eligible for long service leave
• Expected salary increases
• Superannuation and other on-costs for leave taken in service
• Discount rates and other economic variables
• Patterns of leave utilisation

Our reports provide an independent and auditable assessment of the liabilities, including documentation of our methodology and assumptions.

To find out more, please contact us.