As part of severance agreements, layoffs, or retirement packages many employers arrange for the continuation of health and dental coverage under the existing benefits package for the former employee or retiree.
The Evolution of the Financial Situation of Pension Plans since December 31, 2007
Our latest survey of economic assumptions in accounting for pensions and other post‑retirement benefits is now available on Morneau Shepell’s website.
Every year, companies must establish an expense for their defined benefit pension plans.
In June 2011, the International Accounting standard Board (IASB) published a new IAS19 standard on Employee benefits.
The Accounting Standard Board (AcSB) recently indicated that it is reviewing pension and benefit accounting for private enterprises (CICA Handbook, Part II, Section 3461).