Employee Benefits (IAS 19) - Actuarial Society of India
Employee Benefits (IAS 19) - Actuarial Society of India
Employee Benefits (IAS 19) - Actuarial Society of India
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AS 15 – <strong>Employee</strong> <strong>Benefits</strong>• The rate <strong>of</strong> discount should be determined withreference to market yields on government bonds, thecurrency and terms <strong>of</strong> which should be consistent withthe estimated terms <strong>of</strong> the obligation.• Where an enterprise has its own Provident Fund, there isan obligation to pay the minimum interest prescribed bythe authorities irrespective <strong>of</strong> the interest actually earnedby the Fund. In such an event this would need to betreated as a defined “benefit” plan instead <strong>of</strong> as defined“contribution” plan and additional provisioning for anyexpected shortfall in interest may need to be made.www.carajkumarradukia.com 47