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PSAB Matters Article – Progress on its Employment Benefits Project

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Aug 26, 2016

On August 26, 2016, the staff of the Public Sector Accounting Board (PSAB) released an article which provides details of the progress made to date by the PSAB in its project to review the standards on employment benefits, including: Section PS 3250, Retirement Benefits; and Section PS 3255, Post-Employment Benefits, Compensated Absences and Termination Benefits.

A task force was appointed in the fall of 2015. Together with the task force, the PSAB is also supported by an advisory group to provide broader experience and perspectives on the issues. The task force and the advisory group are working on the project’s first invitation to comment, which is expected to be issued in the fall of 2016. It will include a discussion paper that addresses the deferral provisions in Sections PS 3250 and PS 3255. A separate invitation to comment on discount rates is expected to be issued in 2017.

Re­view the article on the PSAB's Web site.

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