CERTYNEX IFRS ACADEMY

Orion SA grants its employees a jubilee benefit paid after 25 years of service; it is not expected to be settled wholly within twelve months after the end of the annual reporting period in which the related service is rendered (case facts). In which category of employee benefits does IAS 19 place this benefit?

A short-term employee benefit, since it is paid to an employee who is still in service.

A post-employment benefit, since it depends on the length of service earned.

A termination benefit, since it rewards the completion of a period of service.

Another long-term employee benefit.