IASB publishes amendments to IAS 19

The IASB published today the amendments to IAS 19.

The amendments require a remeasurement of the current service cost and the net interest for the remainder of the period after the plan amendment, curtailment or settlement using the remeasured net defined benefit liability (asset). For the remeasurement the current fair value of plan assets and the current actuarial assumptions shall be used.

The amendments shall be applied prospectively for annual reporting periods beginning after 31 December 2018. Earlier application is permitted.

The standard is available from the IASB only, and subject to charges. (further information)