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  • IAS 19 — Actuarial gains and losses, group plans and disclosures
    19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Actuarial gains and losses group plans and disclosures Background In July 2002 the IASB decided that the differences between IAS 19 Employee Benefits 1998 and national standards should be addressed in a broad scope convergence project The following topics were included in scope of the convergence project How the total change in value of plan assets should be reported in a statement of comprehensive income Disclosure of an allocation of plan assets across broad categories such as equities fixed income securities property etc Whether the immediate recognition of actuarial gains and losses arising on the defined benefit obligation should be retained as an option as currently in IAS 19 made mandatory or prohibited Those who favour immediate recognition feel that the IAS 19 corridor approach amounts to income smoothing Those who support a corridor or spreading approach feel that such approach is appropriate given i the allocation of benefits earned to periods of service and ii the recognition of unvested past service cost over the vesting period Whether the asset ceiling of IAS 19 should be retained Whether certain guidance from FASB Statements 106 and 112 which deal with non pension benefits should be incorporated into a revised IAS 19 However the following topics are outside the scope of this project Whether the defined benefit obligation should reflect current salaries rather than expected final salaries Whether a defined benefit plan should in some circumstances be fully consolidated into the entity

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project103 (2016-02-10)
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  • IAS 19 — Allocation of benefits to periods of service
    Conceptual framework Consolidation and business combinations Employee benefits Financial instruments Financial statements and disclosure First time adoption Income taxes Leases Liabilities Revenue Share based payments Other Items not added to the agenda IFRIC Navigation Employee benefits Employee benefits Convergence issues superseded IAS 19 Actuarial gains and losses group plans and disclosures IAS 19 Allocation of benefits to periods of service IAS 19 Changes in employment benefits and actuarial assumptions IAS 19 Discount rate IAS 19 Distinction between curtailments and past service cost IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Allocation of benefits to periods of service Issue description Paragraph 67 of IAS 19 Employee Benefits 1998 requires that benefits generally should be allocated to periods of service according to the benefit formula However if the benefit formula allocates a materially higher level of benefit to later years of service then straight line allocation should be used IFRIC considered the issue of whether expected increases in salary should be taken into account in determining whether a benefit formula expressed in terms of current salary will give rise to materially higher levels of benefits in later years Current status of the project At its December 2003 meeting IFRIC reaffirmed its position that it will not address this issue since a it is not a priority issue b IAS 19 appears clear enough to interpret and c

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project134 (2016-02-10)
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  • IAS 19 — Changes in employment benefits and actuarial assumptions
    English Toggle navigation Search site Toggle navigation Home News Publications Meetings Standards Projects Jurisdictions Resources My IAS Plus Topics Communications Toggle navigation Search site Navigation Projects Major projects Narrow scope amendments Research projects Post implementation reviews Agenda consultations Completed projects Annual improvements Assets Conceptual framework Consolidation and business combinations Employee benefits Financial instruments Financial statements and disclosure First time adoption Income taxes Leases Liabilities Revenue Share based payments Other Items not added to the agenda IFRIC Navigation Employee benefits Employee benefits Convergence issues superseded IAS 19 Actuarial gains and losses group plans and disclosures IAS 19 Allocation of benefits to periods of service IAS 19 Changes in employment benefits and actuarial assumptions IAS 19 Discount rate IAS 19 Distinction between curtailments and past service cost IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Changes in employment benefits and actuarial assumptions Background IFRIC considered the situation where an entity significantly increases the salaries of employees in return for decreasing their post employment benefits and whether this should that be accounted for as two separate transactions or as one change Current status of the project After initial background discussions IFRIC removed this issue from its agenda at its February 2002 meeting Quick links IAS 19 Employee Benefits 1998 superseded Related Standards IAS 19 Employee Benefits 1998 superseded IAS 19 Employee Benefits 2011 All Related Contact us About

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project135 (2016-02-10)
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  • IAS 19 — Discount rate
    employment benefits and actuarial assumptions IAS 19 Discount rate IAS 19 Distinction between curtailments and past service cost IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Discount rate Background A project to clarify the determination of the discount rate used when applying IAS 19 Employee Benefits particularly around the requirement to use market yields on high quality corporate bonds or government bonds Current status of the project The IASB decided at its 2013 December meeting that no further work is currently planned on the issue of determining the discount rate for post employment benefit obligations Related Discussions IAS 19 Discount rate determination 12 Dec 2013 The Board was given an update of decisions by the IFRIC Committee on the discount rate project IAS 19 Determination of discount rate 12 Nov 2013 The Staff presented their analysis on the comment letters received on the tentative agenda decision and concluded that the Committee should finalise their decision not to add this issue to its agenda IAS 19 Discount rate High Quality Corporate Bonds and regional market currency zone 16 Jul 2013 The Committee discussed the discount rate of high quality corporate bonds and the discount rate of regional market and currency zone IAS 19 Post vs Pre tax discount rate 16 Jul 2013 The Committee finalised its decision not to add to its agenda the issue to clarify how the discount rate should be used to calculate a defined liability as pre tax or post tax IAS 19 Discount rate 14 May 2013 The Committee discussed the Staff recommendations that a paragraph 84 of IAS 19 be amended to provide an objective for the discount rate assumptions and b paragraph 83 of IAS 19 be replaced with non authoritative implementation guidance to support the objective in a IAS 19 Discount rate 12 Mar 2013 The IFRS Interpretations Committee continued discussions on the rate used to discount post employment obligations including a possible narrow scope amendment to IAS 19 Employee Benefits IFRS Interpretations Committee issues IAS 19 IASB only 21 Feb 2013 The Board was presented with issues from the Interpretations Committee by the Staff on the discount rate IAS 19 and narrow scope amendments IAS 19 discussions IAS 19 Determination of discount rate 22 Jan 2013 The IFRS Interpretations Committee continued debate on the determination of the rate used to discount post employment obligations in particular whether corporate bonds with an internationally recognised rating lower than AA can be considered to be high quality corporate bonds IAS 19 Determination of discount rate 14 Nov 2012 The IFRS

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/ias-19-discount-rate (2016-02-10)
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  • IAS 19 — Distinction between curtailments and past service cost
    requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Distinction between curtailments and past service cost Background Whether plan amendments that reduce benefits are accounted for as curtailments or as negative past service costs In particular they deliberated which of the following views would be in compliance with IAS 19 Employee Benefits 1998 View A Any plan amendment should be considered in its entirety If an impact of the amendment is to reduce the benefits for future service then the amendment meets the definition of a curtailment IAS 19 98 e excludes the impact of curtailments from the definition of past service cost Therefore the full impact of any plan amendment which reduces benefits for future and past service should be accounted for as a curtailment View B Follow view A but apply this at the individual member level rather than for the plan as a whole Therefore the impact for any retiree terminated or active member who has passed the date when further service leads to no material amount of further benefits as specified in IAS 19 67 b should be accounted for as a negative past service cost whilst the impact for other active members should be accounted for as a curtailment View C The reference in IAS 19 98 e should be read as excluding only future service impact when considering a curtailment Therefore the impact of any plan amendment should be broken down into elements which relate to past service

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project137 (2016-02-10)
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  • IAS 19 — Distinguishing between defined benefit and defined contribution plans (hybrid plans)
    contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans Issue description In the course of analysing the comments received on IFRIC D9 Employee Benefits with a Promised Return on Contribution or Notional Contributions staff noted that some confusion existed amongst constituents as to the appropriate distinction between defined benefit and defined contribution plans This confusion was brought to the attention of the IFRIC where the IFRIC agreed that staff should consider the development of appropriate guidance on distinguishing between the two types of plan for possible inclusion in the finalised version of D9 Current status of the project IFRIC agreed to remove D9 from its agenda at its November 2006 meeting provided it had the option to restart the project should developments in the IASB s project on post retirement benefits make it necessary or appropriate With respect to the distinction between defined benefit and defined contribution plans the IFRIC decided to split the project into two parts The part dealing with the distinction of defined benefit plans and defined contribution plans should be addressed by the IASB The other part addressing how to determine the allocation of future salary increases in the measurement of the present value of the defined benefit obligation should be developed further by the staff and submitted to the Agenda Committee and the IFRIC as a potential agenda item

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project132 (2016-02-10)
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  • IAS 19 — Effect of minimum funding requirements on asset ceiling
    Leases Liabilities Revenue Share based payments Other Items not added to the agenda IFRIC Navigation Employee benefits Employee benefits Convergence issues superseded IAS 19 Actuarial gains and losses group plans and disclosures IAS 19 Allocation of benefits to periods of service IAS 19 Changes in employment benefits and actuarial assumptions IAS 19 Discount rate IAS 19 Distinction between curtailments and past service cost IAS 19 Distinguishing between defined benefit and defined contribution plans hybrid plans IAS 19 Effect of minimum funding requirements on asset ceiling IAS 19 Employee benefit plans with a promised return on contributions or notional contributions IAS 19 Employee contributions to defined benefit plans IAS 19 Multiemployer plan exemption IAS 19 Termination benefits IAS 19 The asset ceiling IFRIC 14 Voluntary prepaid contributions under a minimum funding requirement Post employment benefits Amendments to IAS 19 Post employment benefits Discount rate Info IAS 19 Effect of minimum funding requirements on asset ceiling Background IFRIC considered how the existence of a minimum funding requirement MFR would affect the asset ceiling as determined in accordance with IAS 19 Employee Benefits 1998 Current status of the project This project has been completed IFRIC 14 IAS 19 The Asset Ceiling Availability of Economic Benefits and Minimum Funding Requirements was issued on 4 July 2007 Project milestones Date Development Comments 24 August 2006 Draft Interpretation D19 IAS 19 The Asset Ceiling Availability of Economic Benefits and Minimum Funding Requirements Comment Deadline 31 October 2006 4 July 2007 IFRIC 14 IAS 19 The Asset Ceiling Availability of Economic Benefits and Minimum Funding Requirements issued Effective for annual periods beginning on or after 1 January 2008 Quick links IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset Minimum Funding Requirements and their Interaction IAS 19 Employee Benefits 2011 IAS 19 Employee Benefits 1998

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/project123 (2016-02-10)
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  • IAS 19 — Employee benefit plans with a promised return on contributions or notional contributions
    to develop a solution to improve the financial reporting for employee benefit plans with a guaranteed return on contributions or notional contributions However the Committee was unable to reach a consensus and in May 2014 confirmed its decision to remove this project from its agenda The Committee s decision is reproduced below The Interpretations Committee observed that the accounting for the plans that fall within the scope of the project is an important issue These plans are part of a growing range of plan designs that incorporate features that were not envisaged when IAS 19 was first developed The accounting for these plans in accordance with IAS 19 is problematic and has resulted in diversity in practice The Interpretations Committee attempted to develop a solution to improve the financial reporting for such plans However it was unable to reach a consensus in identifying a suitable scope for an amendment that would both improve the accounting for a sufficient population of plans such that the benefits would exceed the costs and limit any unintended consequences that would arise from making an arbitrary distinction between otherwise similar plans In the Interpretations Committee s view developing accounting requirements for these plans would be better addressed by a broader consideration of accounting for employee benefits potentially through the research agenda of the IASB The Interpretations Committee acknowledged that reducing diversity in practice in the short term would be beneficial However because of the difficulties encountered in progressing the issues the Interpretations Committee decided to remove the project from its agenda The Interpretations Committee notes the importance of this issue because of the increasing use of these plans Consequently the Interpretations Committee would welcome progress on the IASB s research project on post employment benefits Project milestones Date Development Comments 8 July 2004 IFRIC D9 Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions published Comment deadline 21 September 2004 November 2006 Removed from the IFRIC active agenda May 2012 Project reactivated after the issue of IAS 19 Employee Benefits 2011 May 2014 Removed from the IFRS Interpretations Committee agenda Related Discussions IFRS implementation issues 20 Feb 2015 The Board discussed various implementation issues related to amendments for IAS 19 and IFRIC 14 IFRS 10 and IAS 28 2015 and IFRS 11 IAS 19 Employee benefit plans with a guaranteed return on contributions or notional contributions 29 Jan 2014 The Committee discussed distinction between the variable and non variable components for employee benefit plans and issues surrounding the projected unit credit method of recognition and measurement for defined benefit plans IAS 19 Employee benefit plans with a guaranteed return on contributions or notional contributions 12 Nov 2013 The Committee discussed three agenda papers on scope the distinction of components and recognition and measurement IAS 19 Employee benefit plans with a guaranteed return on contributions or notional contributions measurement 10 Sep 2013 The Committee agreed with Staff s proposed direction with regards to the measurement of the benefit promises that fall within the

    Original URL path: http://www.iasplus.com/en/projects/completed/employee-benefits/ias-19-guaranteed-return (2016-02-10)
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