%0 Journal Article
%T Mathematical Model of Actuarial Valuation of Social Benefits in Latin America under IAS 19
%A Evaristo Diz Cruz
%A Jeffrey T. Query
%J Open Access Library Journal
%V 10
%N 10
%P 1-9
%@ 2333-9721
%D 2023
%I Open Access Library
%R 10.4236/oalib.1110753
%X Development of a generic model for the valuation of Labor Liabilities under the international standards IAS 19 and FASB 87, for defined benefits, generally granted in Latin American countries, following [1]. The contribution of this work is to provide a detailed valuation tool for defined benefits that depend structurally on a salary and creditable service over time. Likewise, assess a defined benefit plan for termination of employment under 2 very similar current approaches, but with different liabilities [2].
%K Defined Benefits
%K IAS 19
%K FASB 87
%K Benefit Method
%K Projected
%K Actuarial Models
%K Liabilities
%K Actuarial Costs
%U http://www.oalib.com/paper/6806068