Under IFRS,past service cost is recognized immediately as part of pension expense.

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Under IFRS, past service cost is recognized immediately as part of pension expense. This cost represents the incremental cost of pension benefits granted or changed in the current period based on employees' past service. It is recognized in profit or loss immediately and is typically amortized over the remaining service period of the affected employees.

Under IFRS,past Service Cost Is Recognized Immediately as Part of Pension