IAS 19

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January 5, 2019 at 12:59 pm #500077
gangsta1
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Defined Benefits Plan

Hey Sir, can you give me a practical example of a “Settlement” under the above mentioned plan.
January 6, 2019 at 7:38 pm #500213
P2-D2
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Hi,

It is when the employees receives a cash payment that then means they lose their rights to the defined benefits. So if the DB plan is being closed down then the employee will receive a cash payment to compensate them for the closure.

Thanks
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