Phish Will Webcast Their Upcoming, Sold-Out Run At Dick’s In Colorado

first_imgAfter a weekend well-spent at Lockn’ Festival, beloved jam band Phish heads West for the final dates of their summer touring. The band will perform three nights at Dick’s Sporting Goods Park in Commerce City, CO, hitting the venue for their annual run of shows over Labor Day weekend. Though the shows are sold out, there’s an opportunity for all to enjoy the band’s playing through band has announced webcasts for all three of their shows, allowing fans to follow the action from the comfort of their own couches. As per usual, there are options to pay for each show individually, or as a bundle of all three shows. There are HD and SD options available, as well as merchandise add-ons.For more information, head here.last_img

Kristin Chenoweth on That Wicked Movie That Will Eventually Get Made & More

first_img Star Files Kristin Chenoweth paid a visit to Watch What Happens Live on March 2 to celebrate the 1,000th episode of Andy Cohen’s boozy talk show. Between dishing about a whole lot of Real Housewives with Cohen and Chrissy Teigen, the self-proclaimed pocket diva reaffirmed her willingness to play Madame Morrible once the Wicked movie is finally made—a desire she expressed in the very same WWHL playhouse two years ago. Still no substantial update on that project, by the way. Later, Cheno said her dream role is Mame, in large part due to the costumes. Catch those bits, plus learn which #PumpRules men Chenoweth and Teigen would hook up with, below. Kristin Chenoweth View Comments Kristin Chenowethlast_img

Justices find time for work in the classroom

first_img Justices find time for work in the classroom Hands were raised as high as their little fingers could reach — the students were jumping up and down in their seats with total enthusiasm. What was so exciting in this fifth grade classroom? The students were participating in an exercise on the U.S. Constitution, and they had even given up their recess to meet with Justice Fred Lewis.No stranger to Florida’s public schools, Justice Lewis was visiting Beauclerc Elementary in Jacksonville with Annette Boyd Pitts, executive director of The Florida Law Related Education Association, Inc., and Sonya Hoener, a local attorney. Julie Hayden, a fifth grade teacher at Beauclerc, hosted the visit.The activity centered around the U.S. Constitution, “a topic most Americans are woefully deficient in,” Pitts said, adding, however, that in this classroom, “interest was high and minds were alert.”The presentation was lively, filled with interactive questions, historical situations, and contemporary issues. The fifth grade students had to “think constitutionally” and determine how much they valued each of their rights, Pitts said.“The students had to imagine themselves as adults in the year 2030,” Pitts said. “Then in groups, the students had to reach a consensus for the country. They had to decide which rights to keep in a challenging scenario where some of their rights would be lost.”Pitts said the exercise helps students understand how important it is to know their rights and how they impact their lives.“All of our rights are related,” one fifth grade student said. “You shouldn’t want to give up any of your rights.”The students also received pocket Constitutions which the guests autographed.Michael, another student, said: “When I get home, I am going to put my Constitution in my special drawer. I am going to save it and take it out when I become a lawyer and remember this special day when I met a Supreme Court justice.”Another student, Rade from Croatia, recited the preamble to the U.S. Constitution and part of the Declaration of Independence for Justice Lewis.“I love living in this country,” he said.This is but one snapshot from a multitude of schools visited by the Supreme Court justices each year. The justices take to the classrooms during Constitution Week and beyond to teach students about the courts and the Constitution using effective law related education teaching techniques.“This is one of my greatest joys,” said Justice Lewis, who visits schools three or more times a month. While in Jacksonville recently, Justice Lewis visited two high schools, one elementary school, and assisted Pitts with a teacher training session. This year, during Constitution Week, the justices visited elementary, middle, and high schools as well as juvenile justice facilities. Constitution Week is celebrated nationally to engage youth in better understanding the nation’s constitutional history, governmental processes, and the democratic principles which bind Americans together.Justices Barbara Pariente and Peggy Quince visited with Florida’s female juvenile offenders at the Florida Institute for Girls. The students shared their experiences in the judicial system with the two justices. Many of the young girls had spent multiple years behind bars for offenses ranging from carjacking and kidnapping to manslaughter. The facility served as their final stop before adult prison.The tables were turned this day as the girls became the judges in a Fourth Amendment search and seizure exercise, Pitts said. They participated in a healthy debate about balancing the safety and protection of society with the rights of the individual.Justice Pariente also visited Jupiter High School and the Middle School for the Arts in West Palm Beach.Chief Justice Harry Lee Anstead visited a class of students at Leon High School in Tallahassee, where the students explored a real case and simulated a Supreme Court conference activity. Asked to come back with a unanimous decision on the case, the students could not.“They were able to roll up their sleeves and tackle some of the difficult issues faced by the courts in this country,” said Pitts, who accompanied Chief Justice Anstead during the visit. “We didn’t expect them to bring back a unanimous decision; we wanted them to experience the process thoroughly and discuss the issues.”Chief Justice Anstead also shared his personal story about his humble beginnings in Jacksonville and how he grew up to serve as a Supreme Court justice.Justice Charles Wells visited his alma mater, Boone High School in Orlando, and his presentation took place in a courtroom on the high school campus that had been dedicated in his honor earlier in the year.“A lively, substantive program was delivered with ninth through 12th grade high school law students participating,” Pitts said. “Justice Wells autographed personal Constitutions for the students.” Justices find time for work in the classroomcenter_img January 15, 2003 Regular Newslast_img read more

The CUInsight Experience podcast: Leo Ardine – Searching inside yourself (#21)

first_imgWelcome to episode 21 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of In case you haven’t already heard of Leo Ardine, let me give a brief introduction. He’s the President and CEO of United Teletech Financial, a board member of the New Jersey Credit Union League, and a graduate of the Search Inside Yourself Leadership Institute. And that’s just the beginning! He’s also a coach, instructor, speaker, and facilitator. I’ve been looking forward to this conversation for a long time, and I hope you’ll enjoy it as much as I did!We start things off by chatting about meditation. Leo was trying to figure it out, he explains, when he learned that Google hacked meditation to figure out what happens to the brain when people meditate. By combining this with emotional intelligence, he explains, we can become better people. This is what held him to study at Google’s Search Inside Yourself Leadership Institute.Speaking of emotional intelligence, we’ll dig into the topic: both why it’s so important (personally and professionally), and whether it’s something you’re born with or can develop. He’ll offer advice on how to get started in meditation, even if you struggle with sitting still, can’t calm your mind, or feel like you’re just generally bad at meditating. Don’t miss this episode, which I hope will help you make progress not only in your career, but your whole life! Enjoy.Subscribe on: Apple Podcasts, Spotify, Google Podcasts, StitcherHow to find Leo:Leo ArdinePresident and CEO, United Teletech Financialleo@wisdomleader.orgwww.utfinancial.orgLinkedinShow notes from this episode:Shout-out: Filene and John ParsonsGoogle program Leo completed: Search Inside Yourself Leadership ProgramBook mentioned: 10% Happier by Dan HarrisShout-out: Aikido master Wendy PalmerArticle mentioned: Human Contact Is Now a Luxury GoodWant more info on Emotional Intelligence? Find out more here.Book mentioned: Emotional Intelligence by Daniel GolemamArticle mentioned: At Germany’s SAP, Employees Mindfulness Leads to Higher ProfitsArticle mentioned: Neuroscience Reveals 50-Year-Olds Can Have the Brains of 25-Year-Olds If They Do This 1 ThingMeditation apps: Headspace and Insight TimerArticle mentioned: Why Google, Nike, and Apple Love Mindfulness Training, and How You Can Easily Love It TooPodcast mentioned: Tim Ferriss Show – Eric Schmidt — Lessons from a Trillion-Dollar CoachShout-out: Leo’s coach, Mike Staver.Article mentioned: David Rock’s SCARF ModelBest album: U2 – The Unforgettable Fire and the Joshua TreeBook mentioned: The Untethered Soul by Michael A. SingerBook mentioned: Desert Solitaire by Edward AbbeyPrevious guests mentioned in this episode: Jill Nowacki #4 (and episode #18), Tracie Kenyon, Samantha PaxsonYou can find all past episodes of The CUInsight Experience here.In This Episode:[00:03] – Welcome back to the show! Randy introduces Leo Ardine, this episode’s guest.[02:42] – How did Leo get involved with the Google mindfulness training program? Will the program accept anyone who wants to take it, or is there a process to get in?[04:50] – Leo talks about whether his work in emotional intelligence is part of this program, or an add-on that he built in.[07:18] – We hear about Leo’s tips and hacks for creating space when we’re under a constant onslaught of emails, messages, and so on.[09:12] – Leo explains to listeners why emotional intelligence is so important, both in our personal lives and as a leader.[11:31] – The nature of work today makes us more insular and pulls our focus in and down, Leo points out.[14:36] – Leo makes another suggestion for listeners: turn off notifications on your phone.[15:44] – Does Leo feel like he has always had high emotional intelligence?[18:47] – We hear about the ROI for the credit union of mindfulness, emotional intelligence, and training in these topics.[22:04] – Does Leo have any hacks for the person who wants to meditate but just can’t sit still?[25:15] – For Randall, journaling is almost a form of meditation as well, he explains.[27:27] – What originally inspired Leo to take the gig as President and CEO of Teletech Financial? And how has that inspiration changed over the course of his time on the job?[29:47] – We hear how Leo would describe his leadership style, as well as how his team would describe it. He also talks about where the transition in his leadership style came from.[34:07] – As a leader, is there something that Leo’s team has heard him say so many times that they could finish his sentence?[35:40] – When Leo thinks back to early in his career, is there a mistake that he made that he also sees young leaders make over and over?[36:24] – We hear about whether Leo has had any memorable failures that led to future success.[39:46] – Leo shares a piece of advice that he has kept going back to over and over through the course of his career.[41:29] – Leo needs six things to function properly. He lists what they are.[42:27] – What does a free day look like for Leo?[43:47] – We shift into the rapid-fire round! Does Leo remember the first time he got into memorable trouble?[44:33] – Does Leo have any daily routines that his day feels off if he doesn’t do?[44:49] – What’s the best album of all time?[45:29] – Does Leo have a particular book that he keeps going back to or recommends over and over?[46:22] – What has become more important to Leo as he has gotten older, and has anything gotten less important?[47:22] – When Leo hears the word “success,” who’s the first person who comes to mind?[48:36] – Leo shares a final ask for listeners, and lists some ways people can get in touch with him. 24SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of he … Web: Detailslast_img read more

PLL’s Sasha Pieterse Welcomes 1st Child With Husband Hudson Sheaffer

first_imgSasha Pieterse’s pretty little pregnancy is over! The actress gave birth to her and husband Hudson Sheaffer’s first child on November 6.“One week ago today our lives changed forever,” the new mom wrote via Instagram on Friday, November 13. “After 27 hours of labor Hendrix Wade Sheaffer made his grand entrance on November 6th at 5:39am weighing in at 7lbs 14oz and 20.5 inches tall. We are absolutely in love with him and we still can’t believe he’s ours.”- Advertisement – The singer exclusively told Us Weekly in March 2019 that they were “so excited” for parenthood. “[We want a baby] sooner, maybe, than later,” she said at the time.Sasha Pieterse Gives Birth, Welcomes 1st Child With Husband Hudson SheafferHudson Sheaffer and Sasha Pieterse Jason Merritt/Radarpics/ShutterstockThe Dancing With the Stars alum, who married Scheaffer in May 2018, wished him a happy Father’s Day in June ahead of their baby’s arrival. “I already know you are going to be an effortlessly wonderful father and not just because you are already the best dad to our two little monster fur babies,” Pieterse captioned an Instagram slideshow. “Seeing you with our baby will be the highlight of my life. I love you so much!”- Advertisement – – Advertisement – The Pretty Little Liars alum, 24, shared her pregnancy news in May. “We are so beyond excited,” the Sasha in Good Taste author wrote via Instagram at the time. “We will be welcoming a precious little human this October! Today marks our 2nd wedding anniversary and what better way to share our joy then on the day when our lives changed forever (the first time.) Motherhood is officially my favorite role ever!”Sasha Pieterse Gives Birth, Welcomes 1st Child With Husband Hudson SheafferHudson Sheaffer and Sasha Pieterse Courtesy of Hudson Sheaffer/InstagramIn the social media reveal, the South Africa native showed her bare baby bump while Sheaffer, 30, kissed it.Pieterse thanked her husband for making her a mom and “being [her] unwavering rock and safe place.” She concluded, “You bring out the adventurer in me and I feel like my truest self when I’m with you, luckily that’s all the time! I love every part of you with every part of me and will continue to love who you are and who you become especially as we enter this brand new chapter.”- Advertisement – As for the couple’s dog, Levi, the Perfectionists alum attempted to prepare him in May for their upcoming addition. “I don’t think Levi is emotionally prepared for another sibling,” the then-pregnant star captioned a photo of the Great Dane touching her baby bump with one paw.Listen to Us Weekly’s Hot Hollywood as each week the editors of Us break down the hottest entertainment news stories!last_img read more

Minister of Tourism Cappelli: Next year we expect 350 million euros of investment in health tourism

first_imgMinister of Tourism Gari Cappeli held a press conference in Banski dvori today, at which he further clarified the Bill on the provision of services in tourism, which the Government sent to the Croatian Parliament at today’s session.The Minister said that this is an important law, which should enter into force in the seventh month of 2018. Speaking about the novelties proposed by the law, Minister Cappelli singled out the provision of services in health tourism. He emphasized that for the first time in the Republic of Croatia, the issue of tourist arrangements concerning health tourism will be resolved. “Travel agencies will be able to provide packages of health services in institutions in the Republic of Croatia, such as special hospitals, spas and private clinicse “, said the Minister and pointed out that in this way a new investment opportunity will be opened, which is planned for next year, in the amount of 350 million euros of prepared projects in health tourism, and the completion of these investments will open approximately 2.000 new jobs. places.Minister Cappelli explained that the aforementioned law and accompanying regulations related to professional exams and protected localities will regulate the issue of tourist guides, from education to the possibility for foreign tourist guides to provide services in Croatia. Also, the provision of car rental services will be regulated and the administrative barriers related to the business of travel agencies will be relieved. The Minister gave the example of an agency that had to have ten managers in ten branches in the Republic of Croatia, and from now on one company will have one manager, while in the remaining branches it will not be necessary.Announcing the Days of Croatian Tourism, the Minister reminded that the Republic of Croatia had the best tourist season for the first time in history. “Today we have somewhere around 98,5 million overnight stays and 17,3 million visitors and that is somewhere between 12 and 13 percent more than last year. It is important that the financial results are very good, in the first half of the year there were over 11 percent more income from tourism than last yearHe told youThis year, investments in tourism of around 800 million euros were realized, Cappeli said, adding that according to their surveys, they expect investments of around 930 million euros next year. “This is about 15 percent more than this year and almost 40 percent more than in 2015, which is proof that Croatia is recognizable not only as a country for the arrival of tourists but also as a country for good and quality investments in tourism.”, Concluded the Minister of Tourism.Related news: PROPOSAL OF THE LAW ON PROVISION OF SERVICES IN TOURISMlast_img read more

Pakistanis flock to markets and mosques as Ramadan starts

first_imgPakistanis on Saturday celebrated the country’s first day of the holy month of Ramadan by flocking to mosques and markets, ignoring advice to stay home as coronavirus cases rise.Prime Minister Imran Khan has come under pressure for his handling of the virus crisis, after causing confusion by saying Pakistan could not afford the type of sweeping lockdowns seen in other nations. Similar scenes unfolded in the northwestern city of Peshawar and in the eastern city of Lahore.Muneeb Khan, 27, said he was fed up with wearing a mask and gloves.”How long are we going to wear them? I am tired of it, now it depends on my mood, sometimes I wear it and sometimes not,” he told AFP as he shopped at a pharmacy.At Islamabad’s mosques, worshipers were thinner on the ground than typical for Ramadan’s first day, but elsewhere social distancing guidelines and a ban on older worshipers were widely ignored.Zafar Mirza, the prime minister’s special advisor for health, decried the rush to the markets and pleaded with people to stay home.”This is against the guidelines and directives,” he told reporters. “Pakistan is passing through a very crucial phase and if we do not take preventive measures, this disease will spike very quickly.”Read also: Benhil Market empty of Ramadan snack sellers amid COVID-19 pandemicDoctors associations have repeatedly called on the government to impose a comprehensive lockdown as pressure grows on the country’s already struggling health system. So far Pakistan has recorded more than 12,000 confirmed COVID-19 infections and 256 deaths — but with only limited testing, the real numbers are believed to be much higher.The World Health Organization has warned that without effective interventions, Pakistan cases could soar to 200,000 cases by mid-July.”The impacts on the economy could be devastating, doubling the number of people living in poverty. We must act in solidarity, with a coherent, coordinated approach,” the WHO, quoting chief Tedros Adhanom Ghebreyesus, said on Twitter.Asad Umar, who heads the national coronavirus task force, told reporters authorities had approved a “smart lockdown” aimed at testing people, then tracking or quarantining those who are positive.”Ramadan is a decisive month,” he said. Topics : His government also caved to religious pressure, allowing daily prayers and evening congregations at mosques during Ramadan, albeit with some protective measures in place. In a snub to Khan’s leadership, Pakistan’s powerful military on Friday urged people to pray at home, warning the “next 15 days are crucial”.But that advice was largely ignored or downplayed across much of the country, home to about 215 million people who often live in cramped, multi-generational quarters. In Rawalpindi, the garrison city adjacent to Islamabad, thousands of shoppers thronged popular markets, some without wearing protective gear, to buy food for evening iftar meals that celebrate the end of each day’s fasting. last_img read more

Jakarta extends transitional PSBB period for fifth time to Sept. 10

first_imgThe Jakarta administration is extending the transitional period of large-scale social restrictions (PSBB) for another 14 days, beginning Friday to Sept. 10.Governor Anies Baswedan announced the extension through his Instagram account, urging the public to be more serious in following health protocols by limiting activity outside their homes, maintaining 1-2 meters between each other in a public setting and washing hands with soap regularly.“To suppress various epidemiological indicators of the spread of COVID-19, [I hope that we] all keep our spirits up, keep reminding each other and follow the provisions of this transitional PSBB,” the Instagram post said Thursday. Topics : The extension was the fifth after the capital first extended the PSBB from June 4 to July 16, dubbing it a “transitional” phase that would go along with the gradual reopening of the economy.Read also: Jakarta extends transitional restrictions as COVID-19 rate on riseHowever, the capital, also the initial epicenter of the epidemic, has extended the transitional period a number of times as it continues to struggle to control COVID-19 transmission. Jakarta recorded on Thursday an addition of 760 positive cases, bringing the total to 36,213 confirmed cases with more than 1,100 deaths and 28,000 recoveries.center_img The country itself recorded 162,884 positive cases with more than 7,000 deaths as of Thursday after seeing an all-time-high daily increase of 2,719 positive cases.last_img read more

Cashed up and searching for a better deal, Sydney and Melbourne buyers hunt for Brisbane houses

first_imgSouthern buyers are fuelling demand for houses close to Brisbane’s CBD.But while demand for houses is heating up, the Herron Todd White report reveals the Brisbane apartment market is a different story.It’s declining, along with Canberra, Perth, Gippsland and South West Western Australia, according to the report.Owner-occupier designed units in Brisbane are still doing well if priced appropriately, but demand from interstate and overseas investors is cooling rapidly.“In our experience, new units are off about 5 per cent from their market highs if they were purchased in the past three years,” the report said. Houses in New Farm, like this one for sale at 255 Moray Street, are in high demand.Steve Condon from Place Estate Agents – Coorparoo said Camp Hill and the surrounding suburbs of Coorparoo and Holland Park were attracting strong interest from southern residents.“I’ve actually got an interstate buyer coming up this Thursday I’ll be showing properties to,” he said. “They’ve made the decision they don’t want to spend their money in Sydney anymore and instead spend money in Brisbane and eventually move here.”Mr Condon said Camp Hill’s proximity to the CBD, large parcels of land and good capital growth made it attractive to interstate investors and owner-occupiers.Another market trend Herron Todd White has uncovered is in Bulimba, in Brisbane’s inner east.“Where it used to be cool to acquire a large double block with a classic cottage, many are looking to get a post-war and enjoy more flexible options when it comes to a possible demolition and rebuild.”The report said there was strong demand for both renovated Queenslanders and modern homes completed to a high standard. Houses in Camp Hill, like this one for sale at 121 Martha Street, are in high demand.Herron Todd White Queensland managing director Gavin Hulcombe said there seemed to be a strong correlation between interstate migration and sales volumes.“The spread between Sydney and Brisbane prices is arguably as wide as it has been for the past 12 to 15 years,” Mr Hulcombe said.“We’re seeing southern buyers come here and see value within some of Brisbane’s better suburbs close to the city.”According to the latest ABS data, Queensland recorded positive net interstate migration of 11,581 in 2015-16 – only second to Victoria.The Herron Todd White report said buyers should be prepared to fork out more than $1 million to snap up a quality house close to the CBD. In West End, stock is in scarce supply, but for between $1 million and $1.3 million, you can find a 4-bedroom home on a 200sq m to 300sq m lot.In Camp Hill, $1.25 million to $1.75 million will get you a decent sized house on a standard 405sq m block, according to the report.Expect to pay between $900,000 and $1.5 million to get in the door in New Farm or Teneriffe – and even then the house will still need some work. Demand is heating up for houses close to Brisbane’s CBD.WE knew they were coming, but it appears southern property buyers have finally arrived in Brisbane.Cashed up and after more bang for their buck, Sydney and Melbourne suitors are on the hunt for houses close to Brisbane’s CBD.The latest Herron Todd White Month in Review reveals buyers are willing to pay big bucks for quality properties close to the city, particularly in the suburbs of New Farm, Teneriffe, Camp Hill and West End.Demand is coming from owner-occupiers and local investors who are competing with Sydney and Melbourne buyers, who think nothing of dropping between $1 million and $1.5 million on a house.“For that sort of money they’re barely getting a garage the same distance from the CBD in Sydney,” the report said. Houses in Teneriffe, like this one for sale at 30 Waverley Street, is in high demand.“Sydney and Melbourne buyers moving to Brisbane are conditioned to paying much higher prices than perhaps the local market,” Mr Hulcombe said.“But they are still competing with the local market because these suburbs are still highly regarded areas.”More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agoAnd it’s not the just ready-to-move in stock that’s attracting attention.The report said inner-city houses with the potential to renovate or demolish and rebuild had investors and owner occupiers in a frenzy. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Propertyology managing director Simon Pressley said more than 80 per cent of inquiries about Brisbane properties came from Sydney and Melbourne residents looking to invest.Mr Pressley said they usually fit two demographics – the long-standing resident or the “rentvestor”.“There’s the long-standing Sydney or Melbourne resident whose home has grown in value in the last three to four years and want to do something with it as they’re hearing the warnings Sydney and Melbourne won’t always be like this,” he said.“And then there’s the “rentvestor” – the younger, Gen Y millennial.”Mr Pressley said their first home was often an investment property in a more affordable city and Brisbane was the next alternative.last_img read more

IASB takes first steps toward full-on review of pensions accounting

first_imgResearch project staff wrote in a paper presented to IASB members: “To consider a measurement model fundamentally, we may also consider issues relating to discount rates and attribution of benefits.”And speaking during the 22 September meeting, IASB member Stephen Cooper indicated his support for a comprehensive review of pensions accounting.“I think that’s the only way to go,” he said.The former sell-side analyst continued: “If you try and do contribution-based promises, as we’ve discovered in the past, it just becomes impossible, and you get these bright lines.“The only way to solve this is to look at the whole range of things.“We don’t need to understand all of the different plans out there.“We obviously have to have an understanding of plans in sufficient detail, but I wouldn’t say … go off and identify every single one of these things.”In their introduction to the board, staff noted that they “have not yet decided” whether they should publish a discussion paper.They do, however, plan to issue a research paper during 2015 to explore a “conceptually sound and robust measurement model” for pension plans, and the cost-benefit analysis of any such accounting model, given recent trends in plan design.Staff also explained that if the research paper identifies “enough evidences [sic] to consider a fundamental amendment to [IAS19], we may propose to publish a Discussion Paper.”In addition, the staff could identify issues that it would be appropriate to deal with through the post-implementation review of IAS19 that is slated to take place during 2016.The IASB – and also its interpretative body, the International Financial Reporting Standards Interpretations Committee (IFRS IC) – has a long history on the subject of pensions accounting.IAS19 currently addresses two types of retirement promise through its focus on DB and DC plans.In the case of the latter, it simply requires sponsors to expense plan contributions as they are incurred.With DB promises, however, it applies the so-called projected unit credit approach.This requires preparers to project forward using a scheme’s benefit assumptions to arrive at a projected liability, and then discount back using a AA corporate bond rate to reach a net present value.The IAS19 methodology has failed to address, however, the rise in so-called intermediate-risk plans or contribution-based promises.Such plans have proliferated in recent years with the move among employers to derisk their pensions exposure.The IASB attempted to tackle the issue with a discussion paper in 2008.This document was largely panned by commentators who argued that its proposals were difficult to apply and dragged too many plans into a new fair-value measurement approach.The decision to abandon the discussion paper proposals led the board to issue instead a series of targeted revisions to IAS19 in 2011.These amendments left unaddressed how entities ought to account for contribution-based promises.Since 2011, the IFRS IC has attempted to offer guidance to preparers by exploring a solution to the challenges presented by DB plans with a guaranteed minimum return.The committee was forced, however, to abandon its work.IFRS IC member Tony de Bell said: “To be honest, I’m not sure you can resolve it without addressing the broader aspects in [IAS]19.” The International Accounting Standards Board (IASB) could be about to embark on a radical shake-up of pensions accounting with wide-ranging implications for sponsors of both defined benefit (DB) and defined contribution (DC) retirement plans.One option mulled by the London-based standard setter during its 22 September meeting is to scrap International Accounting Standard 19, Employee Benefits (IAS19), and replace it with a single, principles-based accounting model for DB and DC plans.Any such move would open up a public debate about the correct basis for discounting pension promises.Board members signalled their strong support for the staff to continue with their research into the topic.last_img read more