Principles-based approach to accounting for non-traditional pension plans

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Nov 29, 2018

On November 29, 2018, CPA Canada released an article on how potential accounting guidance reflecting the risk assumed by employers could have a significant impact on their financial positions.

The evolution of Canadian public sector pension plans over the years has resulted in employers sharing different degrees of risk with their employees and/or other employers. These plans are referred to as “non-traditional pension plans” in the Public Sector Accounting Board (PSAB)’s Invitation to Comment, “Employment Benefits: Non-traditional Pension Plans .”

The article discusses:

  • Risk assumed by employers in traditional pension plans
  • Risk assumed by employers in non-traditional pension plans
  • A principles-based approach focuses on risk assumed by employers

Review the full article on the CPA Canada's website.

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