Accounting for Pension Flows and Funds: A Case Study for Accounting, Economics and Public Finances

EGPA XII Permanent Study Group Public Sector Financial Management Workshop, Zurich-Winterthur (Switzerland), May 7-8, 2015

37 Pages Posted: 15 May 2015

See all articles by Yuri Biondi

Yuri Biondi

French National Center for Scientific Research (CNRS)

Marion Sierra

Université Paris Dauphine

Date Written: May 15, 2015

Abstract

Accounting for pension obligations has been co-evolving with political and financial economic strategies aimed to prompt and promote active financial markets and institutional investors, as well as transnational harmonisation and convergence of accounting standards between private and public sectors. In this context, our article provides a theoretical analysis of accounting for pension obligations, drawing upon a comprehensive review of existing practice and regulation. The latter are still inconsistent with the actuarial representation that has been adopted by the IPSAS 25 (Employee Benefits) and the IAS 19 (Employee Benefits). According to our frame of analysis, a variety of viable modes of pension management exists and shall be acknowledged by accounting and financial regulations. Accounting (and financial economic) concepts and regulatory recommendations are then elaborated in view to clarify and improve on pension protection, that is, the assurance of continued provision of pension payments at their agreed levels under viable alternative modes of pension management.

Keywords: Pension provision, pension benefit, pension liability, IPSAS, EPSAS, pension fund management, actuarial evaluation, public sector accounting regulation, public finances

JEL Classification: H55, G23, G28, M41, M48, K23

Suggested Citation

Biondi, Yuri and Sierra, Marion, Accounting for Pension Flows and Funds: A Case Study for Accounting, Economics and Public Finances (May 15, 2015). EGPA XII Permanent Study Group Public Sector Financial Management Workshop, Zurich-Winterthur (Switzerland), May 7-8, 2015. Available at SSRN: https://ssrn.com/abstract=2606547 or http://dx.doi.org/10.2139/ssrn.2606547

Yuri Biondi (Contact Author)

French National Center for Scientific Research (CNRS) ( email )

IRISSO - University Paris Dauphine PSL
Place Marechal Lattre Tassigny
75016 Paris
France

HOME PAGE: http://yuri.biondi.free.fr/

Marion Sierra

Université Paris Dauphine ( email )

Place du Maréchal de Tassigny
Paris, Cedex 16 75775
France

HOME PAGE: http://https://www.linkedin.com/in/marionsierra

Register to save articles to
your library

Register

Paper statistics

Downloads
250
rank
114,273
Abstract Views
836
PlumX