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IASB finalizes amendments to IAS 19 regarding plan amendments, curtailments, and settlements

  • IASB document Image

Feb 07, 2018

The IASB has issued “Plan Amendment, Curtailment or Settlement — amendments to IAS 19.”

The amend­ments include the following:

  • If a plan amendment, cur­tail­ment, or set­tle­ment occurs, it is now mandatory that the current service cost and the net interest for the period after the re­mea­sure­ment are de­ter­mined by using the as­sump­tions employed for the re­mea­sure­ment.
  • Clarification of the effect of a plan amendment, cur­tail­ment, or set­tle­ment on the re­quire­ments related to the asset ceiling.

The amend­ments apply to plan amend­ments, cur­tail­ments, or set­tle­ments occurring on or after the beginning of the first annual reporting period that begins on or after January 1, 2019. Early ap­pli­ca­tion is permitted but must be disclosed.

For more information, see the press release on the IASB's Web site as well as the related IAS Plus project page.

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