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Proposed Changes To Accounting Disclosure Requirements For Employee Future Benefits
Plan sponsors need to be familiar with proposed changes to accounting standards for employee future benefits as timelines for implementation may be very short. The most contentious proposed change is a requirement to disclose net benefit cost for the period without any smoothing.
Federal Government Implements Compassionate Leave Benefits
Starting in the New Year, employees who take time off work to provide care for a gravely ill or dying child, parent, or spouse will be able to collect up to six weeks of EI benefits. Employers need to understand these provisions and review their leave policies to ensure they comply with the new rules.
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