ASB Pension Accounting Proposals - ACT Response

The ACT acknowledges that in the field of pension accounting there can be many different arguments and justifications for various different treatments. We believe that the accounting should adopt a pragmatic middle course and accordingly the ACT does not accept the idea that pension liabilities be discounted at the risk free rate rather than a AA bond rate, nor the proposal to take to income account the actual investment returns rather than the expected returns, as at present.

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