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PSAB Decision Summary – March 25, 2021

This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process.

Standards for Public Sector Entities

Employee Benefits

After extensive deliberation, PSAB approved the Exposure Draft, “Employee Benefits, Proposed Section PS 3251,” and the accompanying Basis for Conclusions, which sets out the Board’s reasoning for the proposals. The Board expects to issue the document in July 2021, with comments due in November 2021.

This Exposure Draft outlines the proposed principles for the first of several phases of PSAB’s revised employee benefits standard. The proposed Section will replace existing Sections PS 3250 and PS 3255.

All stakeholders are encouraged to provide feedback on these proposals once they are issued in July. Staff will conduct extensive outreach, including on, the new online community platform that makes providing feedback easier.