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Section PS 3255 - Post-employment benefits, compensated absences and termination benefits

Effective date:

January 1, 2004

Published by the PSAB:

May 2002

Overview

This Section establishes standards on how to account for and report obligations for post-employment benefits, compensated absences and termination benefits in government financial statements.

History of Section PS 3255

Date

Development

Comments

May 2002

New Section

This new Section recommends how to account for and report a government's obligations for post-employment benefits, compensated absences and termination benefits in government summary financial statements. The Recommendations are consistent with the Recommendations set out in Section 3250 Retirement benefits.

Effective for fiscal years beginning on or after January 1, 2004, Earlier adoption is encouraged

Note: The above summary does not include details of consequential amendments made as the result of other projects.

Public Sector Accounting Discussion Group meetings

  • October 27, 2015 - Sections PS 3200, PS 3250 and PS 3255: Vacation Paid in the Year of Retirement

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.