Page 160 - WCPP Annual Report 2021-22_Draft #7.6.2
P. 160
Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022
Accounting Policies
1.10 Employee benefits (continued)
Post-employment benefits
Post-employment benefits are employee benefits (other than termination benefits) which are payable after the completion of
employment.
Post-employment benefit plans are formal or informal arrangements under which a legislature provides post-employment
benefits for one or more members and employees.
Multi-employer plans are defined contribution plans (other than state plans and composite social security programmes) or
defined benefit plans (other than state plans) that pool the assets contributed by various entities that are not under common
control and use those assets to provide benefits to membersand employees of more than one entity, on the basis that
contribution and benefit levels are determined without regard to the identity of the entity that employs the members and
employees concerned.
Annual Report for 2021/22 Financial Year Page 145
