IPSASB ED on retirement benefit plans
04 Apr, 2022
The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft (ED) intended to increase the transparency and accountability of public sector entities regarding multi-employer retirement benefit obligations.
ED 82 Retirement Benefit Plans builds on IAS 26 Accounting and Reporting by Retirement Benefit Plans. In developing principles for the public sector, the private sector requirements in IAS 26 were adapted, based on experience from around the world, to ensure the unique characteristics of the public sector are reflected in the ED. In particular, the existing policy choices available in IAS 26 were reviewed and the ED proposes to remove those that are not appropriate for the public sector or are inconsistent with existing IPSAS.
Comments on the ED are requested by 1 August 2022. Please click for additional information and access to the ED in the press release on the IPSASB website.
