Comment on the Exposure Draft on Social Benefits

An article on Social Benefits: when should social security insurance benefits be recognised? explains the Board’s proposals for the recognition of social security insurance benefits. The ED asks the following related question:

The ED proposes that social security insurance benefits are recognised when the event related to the social risk for which the social benefit is provided occurs.

Do you agree with the approach to recognise social security insurance benefits as proposed in the ED? Please provide the reasons and details for your answer..

Access ED 205 on Social Benefits on the ASB website. Comment is due by 17 November 2023. Contact elizna@asb.co.za for more information or reply with your comment to info@asb.co.za.