AIMR sees urgent need to amend deferral provisions of IAS 19
10 Jul 2002
The Global Financial Reporting Advocacy Committee of the Association for Investment Management and Research (AIMR) has asked the IASB to act "with a sense or urgency" to amend IAS 19, Employee Benefits, to (1) eliminate the deferral and amortisation of past events and (2) disaggregate the activity relating to defined benefit pension plans.
Disaggregation would entail separate disclosure of categories of periodic costs (current service costs; interest cost; the expected return on assets; actuarial gains and losses) and non-periodic costs (past service costs; gains and losses on settlements and curtailments). AIMR represents 58,000 investment professionals in over 100 countries. Click for Link to AIMR Letter.