SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Additional Notes F-144
Annual Report 2010 on Form 20-F 33 – Employee Benefits
The Group’s funding policy is to maintain coverage of the defined benefit obligation (“DBO”) by plan assets
within a range of 90 % to 100 % of the obligation, subject to meeting any local statutory requirements. Nevertheless,
the Group has determined that certain plans should remain unfunded, e.g. where it is not tax-efficient
to fund. Obligations for the Group’s unfunded plans are accrued for as book provisions.
The Group also maintains various unfunded post-employment medical plans for a number of current and
retired employees who are mainly located in the United States. These plans pay stated percentages of medical
expenses of eligible retirees after a stated deductible has been met. The Group accrues for these obligations
over the service of the employee and pays the benefits from Group assets when the benefits become due.
The Group’s Pensions Risk Committee oversees risks related to the Group’s postemployment benefit plans
around the world. Within this context it develops and maintains guidelines for governance and risk management,
including funding, asset allocation and actuarial assumption setting.