퇴직연금 회계기준의 국제 비교 및 영향 분석

In this study, we compare from the international perspective accounting standards governing retirement pension which are Korean International Financial Reporting Standards(K-IFRS), Korean Generally Accepted Accounting Principles(K-GAAP), International Accounting Standards (IAS), and Statement of Financial Accounting Standards (SFAS). Then we attempt to investigate the probable effect of K-IFRS on pension plans based on the scenario analysis and suggest policy measures. According to our results, because of the increased volatility of pension liability, the adoption of international financial reporting standards for pension plans will directly or indirectly affect the choice of pension products, assumptions of pension liability, and risk management for pension plans. Therefore, it becomes necessary for financial authority to take several measures for improvement. Among other things, regulators need to execute risk supervision policies leading to pension asset allocation based on liability structure to secure the financial soundness of pension plan scheme. In terms of supervision on the reserve adequacy, it is proposed that pension actuaries examine the adequacy of pension reserve. In particular, detailed regulation is required to ensure the objectivity in making actuarial assumptions.