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POST-RETIREMENT BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2020
Employee Benefits [Abstract] |
Post-employment amounts | The table below outlines where the Company’s post-employment amounts and activity are included in the financial statements:
For the years ended December 31 | 2020 | 2019
Balance sheet obligations for: |  |
Defined pension benefits | $42 |  | $39 |
Other post-retirement benefits | 1 |  | 4 |
Liability in the balance sheet | $43 |  | $43 |
Income statement charge included income statement for: |  |
Defined pension benefits | $2 |  | $1 |
Other post-retirement benefits | (3) |  | — |
| ($1) |  | $1 |
Measurements for: |  |
Defined pension benefits | ($4) |  | ($5) |
Other post-retirement benefits | — |  | 2 |
| ($4) |  | ($3) |
The amounts recognized in the balance sheet are determined as follows:
For the years ended December 31 | 2020 | 2019
Present value of funded obligations | $— |  | $69 |
Fair value of plan assets | (5) |  | (76) |
(Surplus) deficit of funded plans | ($5) |  | ($7) |
Present value of unfunded obligations | 47 |  | 46 |
Total deficit of defined benefit pension plans | $42 |  | $39 |
Impact of minimum funding requirement/asset ceiling | — |  | — |
Liability in the balance sheet | $42 |  | $39 |
The weighted average duration of the defined benefit obligation is 8 years (2019: 9 years).
| Less than a year | Between 1-2 years | Between 2-5 years | Over 5 years | Total |
Pension benefits | $27 |  | $7 |  | $20 |  | $95 |  | $149 |  |
Other post-retirement benefits | — |  | — |  | 1 |  | 3 |  | 4 |  |
At December 31, 2019 | $27 |  | $7 |  | $21 |  | $98 |  | $153 |  |
Pension benefits | 4 |  | 4 |  | 12 |  | 36 |  | 56 |  |
Other post-retirement benefits | — |  | — |  | — |  | — |  | — |  |
At December 31, 2020 | $4 |  | $4 |  | $12 |  | $36 |  | $56 |  |
Significant actuarial assumptions | The significant actuarial assumptions were as follows:
As at December 31 | Pension Plans 2020 | Other Post-Retirement Benefits 2020 | Pension Plans 2019 | Other Post-Retirement Benefits 2019
Discount rate | 1.95%-2.20% | 2.25 | % | 2.50%-3.30% | 3.35 | %

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- Definition Employee Benefits [Abstract] + References No definition available. + Details
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- Definition The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2019-01-01 -Paragraph 140 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2019-en-r&anchor=para_140_a&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2019-01-01 -Paragraph 145 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2019-en-r&anchor=para_145&doctype=Standard -URIDate 2019-03-27 + Details
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