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Feedback on the EFRAG discussion paper on pension plans with an asset-return promise

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

28 Apr 2020

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement summarising the main messages from respondents to EFRAG’s discussion paper 'Accounting for Pension Plans With an Asset-Return Promise'.

The discussion paper, published in May 2019, explored alternative accounting treatments for post-retirement employee benefits promising the higher of the return on an identified item or group of items and a minimum guaranteed return. The discussion paper considered three alternatives for accounting for pension plans in the scope of the project: capped asset return approach, fair-value based approach, and fulfilment value approach.

The feedback statement (link to EFRAG website) describes the main comments received from comment letters and presentation of the Discussion Paper at the July 2019 meeting of the Accounting Standards Advisory Forum (ASAF).

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