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Saturday, May 1, 2010

Defined contribution plans

Defined contribution plans are retirement benefit plans under which amounts to be paid as retirement benefits are determined by contributions to a fund together with investment earnings thereon (IAS 26).

Defined contribution plans are also defined as post-employment benefit plans other than definedcontribution plans. (IAS 19)

Sources:

  • IAS 19 Employee Benefits
  • IAS 26 Accounting and Reporting by Retirement Benefit Plans.