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IAS 19

This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.

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August 26, 2019 at 5:45 am #528801
researcher1
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Sir , in essence, under a ‘defined contributions plan’, there is no future obligation on the entity. Who then has this obligation sir?
Kindly clarify.
August 28, 2019 at 6:28 pm #543625
P2-D2
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The entity is contractually obliged to pay the amount into the pension fund of the employee, the employee then has the risk of their pension fund fluctuating in value.
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