Description

Swiss GAAP FER 16 “Pension benefit obligations” treats the accounting of the real economic impacts of pension benefit obligations on the organisation (employer). Pension benefit obligations are all obligations from pension plans and pension institutions that provide benefits for retirement, death and disability. The presentation of the real economic impacts from pension benefit obligations is based on the clarification of whether, at the balance sheet date, in addition to the contribution of the organisation and the related accruals already recognised, there is any further asset (economic benefit) or liability (economic obligation). Since 1 January 2005, all Swiss pension institutions base their financial statements on Swiss GAAP FER 26. These financial statements disclose any surpluses and deficits as well as separately existing employer contribution reserves of organisations and are, together with the contractual regulations, a suitable basis for the required review.