IAS 19 – Multiemployer plan exemption
If a multi-employer plan is a defined benefit plan but the employer does not have sufficient information to account for it as such, IAS 19.30 allows accounting as if the plan were a defined contribution plan, with disclosures. IFRIC is considering whether further guidance should be provided in applying the exemption criteria.
The IFRIC discussed two issues:
- How to define a multi-employer plan that meets the exemption in IAS 19.30
- If the plan does not meet the exemption, how it should apply defined benefit-plan accounting.
Current status of the project
After issuing a Draft Interpretation, the IFRIC did not finalise an Interpretation on this matter. Instead, the issues became part of of the amendments to IAS 19 Employee Benefits issued in December 2004.
|6 May 2004||Draft Interpretation D6 Multi-employer Plans published
||Comment deadline 9 July 2004|
|16 December 2004||Amendments to IAS 19 Employee Benefits issued||Effective for annual periods beginning on or after 1 January 2006.|