In June 2011, the IASB issued an amendment to IAS 19 to address short-term targeted changes to the accounting for employee benefits. Those changes, which are responsive to the concerns raised by analysts and investors, are focused on recognition and presentation of changes in the defined benefit obligation (DBO) and plan assets, expanded disclosures and clarification of miscellaneous measurement and definitional issues. The amendment sets the stage for a more comprehensive reexamination of the accounting for, and financial reporting of, post-employment benefit promises. However, whether and, if so, when the IASB will undertake such a project depends on the outcome of its public outreach on the future strategic direction and balance of its overall work plan. As such, we believe more comprehensive changes to benefits accounting are unlikely in the next several years.