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On 6 November 201, EFRAG issued its final comment letter on the IASB's ED Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14).
A majority of the constituents agreed with the proposal to amend IFRIC 14 with regard to the impact of other parties’ power in determining the availability of a refund to an entity from a defined benefit plan. However some constituents thought that the likelihood of a trustee using the surplus for other purposes should be considered in determining whether the entity has an asset.
Furthermore, constituents expressed mixed views on using the updated assumptions when remeasuring current service cost and net interest. They raised issues relating to costs exceeding benefits and loss of comparability.
In addition, a majority of the constituents disagreed with the proposed modified retrospective application of the amendments mainly due to additional costs without added benefit.