On 24 August, the International Financial Reporting Interpretations Committee (IFRIC) has released a draft interpretation of IAS 19 for public comment until 31 October. To quote from the IASB's website: The proposals clarify how to determine in normal circumstances the limit on the asset that an employer’s balance sheet may contain in respect of its pension plan as well as how the pensions asset or liability may be affected when there is a statutory or contractual minimum fu nding requirement.
As Swiss pension schemes are subject to statutory minimum funding requirements, this new IFRIC interpretation should come under close scrutiny in Switzerland.
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