2016 Economic assumptions in accounting for pension and other post retirement benefits
Morneau Shepell is pleased to provide a survey of the assumptions being used by approximately 100 Canadian public companies to account for the costs of their defined benefit plans. Information is collected from audited financial statements as at December 31, 2015. This is the sixteenth year that the survey has been produced.
Accounting for publicly accountable enterprises has moved to International Financial Reporting Standards (“IFRS”) for fiscal years beginning on or after January 1, 2011. In June 2011, the International Accounting Standards Board (“IASB”) published the revised standard Employee benefits (“IAS 19 (revised)”). This revised standard is effective for years beginning on or after January 1, 2013. This survey therefore reflects assumptions and figures in line with IAS 19 (revised).
Download: 2016 Survey - Economic assumptions in accounting for pension and other post-retirement benefits (PDF)