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Deloitte comment letter on IASB ED/2013/4 - Defined Benefit Plans: Employee Contributions

Published on: Jul 16, 2013

Deloitte Touche Tohmatsu Limited has responded to the International Accounting Standards Board’s (the IASB’s) Exposure Draft ED/2013/4 Defined Benefit Plans: Employee Contributions.

We welcome the IASB’s proposals to address the issue of employee contributions to defined benefit plans and agree that the proposed practical expedient would provide an appropriate simplification that would be available for the majority of plans with employee and third-party contributions.

However, we believe that the amendments could be made clearer in some respects, particularly by including further guidance on how to determine whether employee or third-party contributions are “linked solely to the employee’s service rendered in the same period in which they are payable” and on the treatment of any difference between cumulative negative service cost and cumulative contributions received when the practical expedient is not applied.

Download the full comment letter below.

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