A Note on the New International Accounting Standards Board (IASB) Pronouncement IAS No. 19 (R). (January 2013)

• Record Type: Journal Article
• Authors: Bloom, Robert
• Is Part Of: Compensation & benefits review. Volume 45:Number 1(2013)
• Page Start: 54
• Page End: 57
• Publication Date: 2013-01
• Subjects: defined benefit plans -- International Accounting Standards Board -- International Financial Reporting Standards; Wages -- United States -- Periodicals; Compensation management -- United States -- Periodicals; Employee fringe benefits -- United States -- Periodicals; Executives -- Salaries, etc -- United States -- Periodicals; 658.222
• DOI: 10.1177/0886368713485039
• Languages: English
• ISSNs: 0886-3687

Abstract

The subject of defined pension plans is very much in the news, given the current low interest rate environment and the fact that life spans have been increasing over the years. As a result, employer liabilities have increased, creating funding issues. The International Accounting Standards Board has issued a new standard on this subject to improve the measurement of such pensions on the balance sheet and income statement along with footnote disclosure by companies offering such plans. This article analyzes this standard, emphasizing its reporting and disclosure requirements.