Retirement Benefits, Post-employment Benefits, Compensated Absences & Termination Benefits

March 01, 2014

SCOPE

Retirement Benefits, Post-employment Benefits,Compensated Absences & Termination Benefits applies to:

  • Section PS 3250 applies to obligations for employee retirement benefits in government financial statements.
  • Section PS 3255 applies to post-employment benefits, compensated absences and termination benefits earned by employees that the government anticipates providing to them at a time when the employees are no longer providing permanent or temporary active service.
Does not apply to:
  • Short-term employee benefits as these would be accounted for under the general provisions of accruing liabilities. Refer to paragraph PS 3255.05 for examples of such benefits.
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