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The Quick Valuation Computation is a program that addresses the clients' need to have a quick
estimate of his contribution to the retirement fund to meet the minimum requirements of R.A. 7641 in setting up the company's retirement plan. All he has to do is fill up the necessary employee data needed to run the program.
If the company has already been contributing to the fund, the current amount in the fund is needed. The results include the past service liability, accrued retirement benefits, current cost and retirement fund balance if the
company has a retirement fund. This program can also estimate retirement benefits related to a percentage of final salary for every year of service. |