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The following definition has been adopted for the purposes of determining which Part of the CICA Handbook - Accounting applies to a reporting entity. Pension Plan as defined in the CICA Handbook – Accounting:
A pension plan is any arrangement (contractual or otherwise) whereby a program is established to provide retirement income to employees. Benefit Plan as defined in the CICA Handbook – Accounting:
A benefit plan is any arrangement whereby an entity undertakes to provide its employees with benefits after active service in exchange for their services. |
