Accounting for employee benefit plans under IAS 19, ASC 715 and IPSAS 39 remains a hot topic in Switzerland. With discount rates close to historic lows pushing liabilities and costs up and with funded plans suffering weak investment returns over 2020, we expect continued focus over the coming months as companies budget for next year and as they enter their year-end reporting exercises. Difficulties in applying Defined Benefit accounting methodology to hybrid Swiss pension plans leads companies to ask whether their methodology as well as their assumptions give a true and fair view of their company’s commitments.
We are pleased to present our study of trends based on over 100 Swiss companies’ reporting at 31 December 2019 here. We would be pleased to discuss what this means for your company and to help you plan for your year end in light of continuing market changes, such as the imminent arrival of the 2020 BVG actuarial tables which will supersede the ubiquitous 2015 tables.