Application of IAS 19 Employee Benefits to company pension schemes in Germany

Overview

The following explanations of the technical principle contain guidelines on the application of the International Accounting Standard IAS 19 Employee Benefits to the company pension scheme
and other personnel obligations in Germany. This paper explains how such obligations in Germany are actuarially measured and recognized in financial statements based on International Financial Reporting Standards (IFRS). In addition to IASP 3, this guideline takes into account the relevant legal framework and accounting standards as of October 25, 2022.

This guideline is to be applied by actuaries working in the field of occupational pensions who measure the obligations of companies arising from pension commitments (or other long-term personnel obligations) for the respective IFRS balance sheet in accordance with IAS 19 Employee Benefits. Due to IAS 19.3, it does not apply to the reporting of legally independent pension funds to their members or beneficiaries in accordance with IAS 26 Accounting and Reporting by Retirement Benefit Plans.