D19 IAS 19—The asset ceiling — availability of economic benefits and minimum funding requirements
The IFRIC has developed the proposed Interpretation in response to requests to clarify the interaction between statutory or contractual minimum funding requirements
and the requirements of the pensions standard, IAS 19 Employee Benefits
.
The proposals clarify how to determine in normal circumstances the limit on the asset that an employer’s balance sheet may contain in respect of its pension plan as well as how the pensions asset or liability may be affected when there is a statutory or contractual minimum fu nding requirement.
The proposals are open for public comment until 31 October 2006.