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IAS 19 — Pension promises based on performance hurdles

Date recorded:

The IFRIC received a request that concerned with the measurement of the defined benefit obligation in respect of pension promises based on a performance hurdle. Performance hurdles may take various forms ranging from straightforward bonuses to more complex arrangements relating to additional sponsor contributions or years of deemed service. The issue is how such non salary compensation in defined benefit plans should be accounted for in accordance with IAS 19 Employee Benefits.

The IFRIC concluded that IAS 19 provides sufficient guidance how to treat such hurdles and agreed to the staff recommendation not to add this item on IFRIC's agenda. Except for editorial changes it also agreed on the proposed wording for the tentative agenda decision.

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