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21/03/2018 - EFRAG requests comments on its draft endorsement advice on Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)

​EFRAG is consulting on its assessment of Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) both against the technical criteria in the EU and whether those amendments are conducive to the European public good. Comments are requested by 21 April 2018.

EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) ('the Amendments').

The Amendments were issued in February 2018. The Amendments require that, when an entity remeasures its net benefit liability (asset) after a plan amendment, curtailment or settlement, it uses the updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period.

The Amendments become effective for annual periods beginning on or after 1 January 2019, with earlier application permitted.

EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore EFRAG recommends their endorsement. EFRAG is seeking comments on all aspects of its analyses supporting its preliminary conclusions.

EFRAG's draft endorsement advice letter is available here.

You are asked to provide your comments on the draft endorsement advice letter either:

  • through a web form survey here; or alternatively
  • by downloading the invitation to comment​​, filling in the comments, and submitting the response by clicking on the ‘Comment publication’ link below.

For your information, EFRAG has also updated its Endorsement Status Report, which is available on EFRAG's website here.

Comments are requested by 21 April 2018.