State plans

Learning objectives

• Identify that a state plan is dealt with in a separate section on classification.L2
• Explain why the classification of a state plan also follows its terms.L2

Normative references

• IAS 19 §43A state plan is accounted for in the same way as a multi-employer plan; it is generally a defined contribution plan, as the entity usually has no obligation other than to pay the contributions as they fall due (para. 45).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• A trainee must account for the contributions that Verane SA pays to the national retirement insurance plan, run by the State. Which approach is consistent with the place the standard gives to state plans?L2