UK GAAP 2019

Chapter 25Employee benefits

• 1 INTRODUCTION
• 2 COMPARISON BETWEEN SECTIONS 28 AND IFRS
  • 2.1 Past service costs
  • 2.2 Asset ceiling and IFRIC 14 guidance
  • 2.3 Attributing benefit to years of service
  • 2.4 Calculation of service cost and net interest following a plan amendment, curtailment or settlement
  • 2.5 Presentation
• 3 THE REQUIREMENTS OF SECTION 28 FOR EMPLOYEE BENEFITS
  • 3.1 Terms used in Section 28
  • 3.2 Scope and general recognition principles
  • 3.3 Short-term employee benefits
  • 3.4 Post-employment benefits: distinction between defined contribution plans and defined benefit plans
    • 3.4.1 Distinction between defined contribution plans and defined benefit plans
    • 3.4.2 Multi-employer and state plans
    • 3.4.3 Insured benefits
  • 3.5 Defined contribution plans
    • 3.5.1 General
  • 3.6 Defined benefit plans
    • 3.6.1 Recognition
    • 3.6.2 Measurement of plan liabilities
      • 3.6.2.A Legal and constructive obligations
      • 3.6.2.B Discount rate
      • 3.6.2.C Actuarial methodology
      • 3.6.2.D Actuarial assumptions
      • 3.6.2.E Frequency of valuations and use of an independent actuary
      • 3.6.2.F Equalisation of GMP benefits
    • 3.6.3 Measurement of plan assets
    • 3.6.4 Reimbursement rights
    • 3.6.5 Longevity swaps
    • 3.6.6 Plan introductions, changes, curtailments and settlements
    • 3.6.7 Restriction on plan assets
      • 3.6.7.A IFRIC 14 – General requirements concerning the limit on a defined benefit asset
      • 3.6.7.B Economic benefit available through a refund
      • 3.6.7.C Economic benefit available through reduced future contributions where there is no minimum ...