Solution meets the accounting provisioning requirement in lawsuits, loss of profits and monthly indemnities
In 2018, of the 322,831 cases received by the TST (Superior Labor Court), 74.6% were new cases and 16.4% more than in the same period in 2017, according to a survey carried out by the body itself. In addition, the monthly average of new cases that entered the Court was 18,655 cases.
One of the types of processes that fit into this scenario is the compensation to the employee resulting from accidents or illnesses contracted in the work environment, which is called pension.
This type of reimbursement is made through a payment from the company, which is established for a certain period or in a lifetime form. It can vary according to the reason for the severity or the damage caused to the worker, from the loss of a limb to death. In the latter case, the benefit is intended for the victim's dependents.
Because of this, it is a great responsibility of companies or offices to carry out the provisioning carefully and, mainly, the calculations to obtain the correct values and reach an agreement, in order to avoid problems for the worker and for the company's image.
To assist in this process, Macdata Technology has incorporated the Actuarial Reserve Calculation into its system in the projection of maturing funds. In this way, it is able to meet the accounting provision requirement in lawsuits, loss of profits and monthly indemnities for material damage.
The amount and period of the pension depend on the case filed by the employee against the company. The peculiarity of this type of judicial calculation lies in the process that is divided into two phases. First, in the calculation of amounts that would be due to date, and the second in the calculation of amounts falling due, observing the deadline and other characteristics of the requests or judgments issued.
The company has specialized in managing legal provisions for over 20 years. Antonio Carlos Alvim de Macedo, from Macdata, explains that to speed up this process of implementing the calculation system, a study carried out with the interested company is important, as this will define the variables that will make up the calculation, as well as the actuarial tables to be used.
In addition, Macdata provides a consultant certified in actuarial calculations to work on the implementation and certification of the calculations presented by the system. In other words, Actuarial Calculus seeks, through historical knowledge of statistical distributions and hypotheses, to form the current value of a set of future cash flows.
For the cases of lifelong pensions and other securities to be paid monthly for life expectancy or even for a specified period, the actuarial reserve is indicated, since these are amounts falling due and, in most cases, in the long term .
"Only in this way, with the implementation of the actuarial reserve adequate to the current norms, managers can reduce the amounts that are being calculated in an easier way", concludes Macedo.
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