IASB December 2007

The Board discussed sweep issues arising from its review of a draft of its discussion paper on post-employment benefits. The Board tentatively decided:

(a) to retain the preliminary view that promises with a contribution element and a guaranteed fixed return should meet the definition of a contribution-based promise.

(b) to add a preliminary view that promises of a known regular fixed amount after retirement are contribution-based promises.

(c) to retain the preliminary view that defined contribution plans as currently defined in IAS 19 meet the definition of contribution-based promises.

(d) to include more discussion about its preliminary views on the disaggregation and presentation for contribution-based promises. This would include discussion of the differences in presentation between contribution-based and defined benefit promises that result from those preliminary views and a question in the Invitation to Comment on these matters.

(e) to retain its preliminary view that there should be no expected return on plan assets.

(f) to expand the discussion on the imputed interest income approach in its discussion of presentation approaches for defined benefit promises.

The Board confirmed that it would proceed to publish the discussion paper.