Search found 4 matches

by cspwcspw
12 Oct 2020, 10:30
Forum: IFRS-related topics
Topic: Defined Benefit Plan How to treat deferred backfill by employer.
Replies: 7
Views: 73

Re: Defined Benefit Plan How to treat deferred backfill by employer.

Thanks again JSRB. If I was confident that I would ultimately benefit, I could relax more. It's more complicated, in my view. The accrual rate for active (contributing, still working) members versus the contribution rate is unsustainably high in the current economic situation. So it is a kind of "em...
by cspwcspw
11 Oct 2020, 17:06
Forum: IFRS-related topics
Topic: Defined Benefit Plan How to treat deferred backfill by employer.
Replies: 7
Views: 73

Re: Defined Benefit Plan How to treat deferred backfill by employer.

JRSB, I have two documents. In the one circular from our Vice-Chancellor (yes, it is a University) they say "we've committed X amount to deal with the situation and provisioned for it in our rolling budgets". Then the Plan itself had to send a formal letter to the Regulator which members have access...
by cspwcspw
11 Oct 2020, 16:53
Forum: IFRS-related topics
Topic: Defined Benefit Plan How to treat deferred backfill by employer.
Replies: 7
Views: 73

Re: Defined Benefit Plan How to treat deferred backfill by employer.

Wow, useful - just the kind of references I seek. Not the answer I'd like, of course. It then shifts my problem to "Why did the Trustees agree to the extremely generous payment plan if during the interim the assets, would be excluded, and impact the ability to award Pension increases". Thanks
by cspwcspw
11 Oct 2020, 11:42
Forum: IFRS-related topics
Topic: Defined Benefit Plan How to treat deferred backfill by employer.
Replies: 7
Views: 73

Defined Benefit Plan How to treat deferred backfill by employer.

Hi. I am a Pensioner on a Defined Benefit Plan (in South Africa, so I understand things may be a bit different). And, as a disclaimer, I'm not financially trained, so I apologize if I get things wildly wrong. The DB plan became underfunded in 2016-2018 statutory reporting period, and the Employer ag...