Employee Future Benefits – PEAC

Date recorded:

At its meeting on February 25, 2020, the Private Enterprise Advisory Committee (PEAC) considered stakeholder feedback on the AcSB’s Exposure Draft. Committee members:

  1. provided input on staff’s proposed example to clarify the requirement to include all components of a funding valuation for legislative, regulatory or contractual purposes in the measurement of the defined benefit obligation;
  2. advised the Board to retain the word “solvency” in Employee Future Benefits, paragraph 3462.029D; and recommended changes to the Basis for Conclusions document and the transition provisions.

The AcSB will deliberate the Committee’s feedback at its March 2020 meeting.

Review the meeting notes on the AcSB's Web site.

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