Post-employment benefits

Date recorded:

The Board held a very brief discussion of a sweep issues arising on the forthcoming Discussion Paper of Preliminary Views on Amendments to IAS 19 Employee Benefits.

The Board agreed to amend the definition of contribution-based promises such that it is clear that the features of a contribution-based benefit promise is that it is independent of both longevity risk and demographic risk. The exact wording was to be agreed out of session.

The Discussion Paper is expected to be published on 27 March 2008.

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