Comments are invited on Draft Interpretation D6

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

06 May 2004

The IFRIC has published Draft Interpretation D6 'Multi-employer Plans', which proposes guidance on when a pension plan meets the definition of a multi-employer plan, how defined benefit accounting should be applied to such plans, and what to do when the necessary information might not be available.

D6 requires an entity to make "every practicable effort to apply defined benefit accounting to multi-employer plans in which it participates."

The draft may be downloaded by IASB subscribers immediately and by non-subscribers starting tomorrow. Comment deadline is 9 July 2004. Click for Press release (PDF 23k).


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