The Board considered proposed disclosures to be included in the forthcoming exposure draft on post-employment benefits. The Board asked the staff to reduce and streamline the disclosures. The Board will consider the revised set of disclosures at a future meeting.
The Board discussed termination benefits and tentatively decided that:
- the definition of termination benefits should not include benefits provided in exchange for future employee service; and
- an entity should recognise termination benefits when it no longer has the ability to withdraw an offer of those benefits.
The Board expects to publish the final amendments for termination benefits in the first quarter of 2010.