Benefits provided by an employer to employees who have retired. For example, some employers provide health care and other benefits in addition to pensions, particularly in the USA. In the USA, Statement of Financial Accounting Standards 106 requires that such benefits are dealt with on an accruals basis and not a cash basis. In 1992 the UK’s Urgent Issues Task Force stated that as a matter of principle such benefits should be recognized in financial statements; this applied to all financial periods ending after 23 December 1994. The accounting treatment for retirement benefits is set out in Financial Reporting Standard 17, Retirement Benefits, which was issued in 2000 and amended in November 2002. From 1 January 2005 listed companies are also required to comply with International Accounting Standard 19, Employment Benefits. See also accrued benefits.