SBR syllabus

Asset Ceiling Test ^{11 / 17}

The 'Asset Ceiling' test

The net pension amount can't be in the shown at more than its recoverable amount.

So basically any net pension asset gets measured at the lower of:

1) Net reported asset (in the books) or

2) The PV of any refunds/ reduction of future contributions available from the pension plan

Any impairment loss is charged immediately to OCI