IAS 19 — Allocation of the effects of salary increases

Date recorded:

The IFRIC discussed whether it should remove IFRIC D9 Employee Benefits with a Promised Return on Contributions or Notional Contributions from its agenda.

In phase 1 of its project on post-employment benefits the Board considers the allocation of benefits in relation to a new category of promises called defined return promises and the Board tentatively decided that an entity should always allocate the contribution component of a defined return promise to periods of service in line with the benefit formula.

The IFRIC reached a tentative decision to remove this issue from its agenda. In doing so, it noted that, although the IASB would not address the issue for all defined benefit plans in Phase I of its project on post-employment benefits, it would be difficult to address this issue while the Board had an on-going project that addressed the issue for some defined benefit plans.

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