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Employment Benefits - AcSOC

Date recorded:

At the AcSOC meeting on June 8-9, 2017, it was noted that PSAB is keeping abreast of the difference of opinion between the Ontario provincial government and the Ontario provincial Auditor General as to whether the pension plan sponsor (the government) is able to benefit from surpluses in government pension funds and recognize them in its financial statements. A member noted that there is a difference of expert opinion among the accountants and the actuaries regarding the interpretation of the applicable standard, and if other parts of PSAB’s Handbook can be referred to by analogy.

Review the meeting summary on the AcSOC's Web site.

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