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IAS 19 - Remeasurement at a plan amendment, curtailment or settlement


Following a submission to the IFRS IC, on 18 June 2015, the IASB published Exposure Draft Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14) (the ED) which addressed the two issues. The IAS 19 amendments proposed to clarify:

  • that when the net defined benefit liability (asset) is remeasured at the moment a plan amendment, curtailment or settlement occurs (a) the current service cost and the net interest for the period after the remeasurement are determined using the assumptions used for the remeasurement; and (b) an entity determines the net interest for the remaining period based on the remeasured net defined benefit liability (asset); and

  • that the current service cost and the net interest in the current reporting period before a plan amendment, curtailment or settlement are not affected by, or included in, the past service cost or a gain or loss on settlement.

EFRAG finalised and published its comment letter on 6 November 2015. In the final comment letter, EFRAG supported the proposals. On 24 November 2015, EFRAG published its feedback to constituents.

In September 2017, the IASB tentatively decided to finalise the IAS 19 amendments separately from the IFRIC 14 amendments, and on 7 February 2018, published Plan Amendment, Curtailment or Settlement (the Amendments). 

The project page for the IFRIC 14 amendments can be found he​re.

On 28 May 2018, EFRAG submitted its Endorseme​​nt Advice Letter to the European Commission. EFRAG assessed that the Amendments meet all technica​​l endorsement criteria of the IAS Regulation and are conducive to the European public good, and recommended their endorsement.​

On 13 March 2019, Commission Regulation (EU) 2019/402 amended Regulation (EC) No 1126/2008, in regard to the Amendments.

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