IAS 19/IFRIC 14 — Remeasurement at a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan
This project combines two issues into a single package of narrow-scope amendments to IAS 19 Employee Benefits and IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction. It aims to clarify
- the calculation of current service cost and net interest when an entity remeasures the net defined benefit liability (asset) when a plan amendment, curtailment or settlement occurs; and
- whether a trustee's power to augment benefits or to wind up a plan affects the employer's unconditional right to a refund and thus, in accordance with IFRIC 14, restricts recognition of an asset.
Both issues were orginally submitted separately to the IFRS Interpretations Committee, however, the IASB decided to deal with them in one narrow-scope project as both issues relate to IAS 19. The IASB believes that a single package of amendments carried out at the same time would reduce the administrative burden on those responding to both issues.
Current status of the project
|January 2015||Formally added to the IASB agenda|
|18 June 2015||
ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14) published
|Comments requested by 19 October 2015|