Annual Report 2012 - Bank Sarasin

Asset allocation
% 2012 2011
Pension fund
Equity instruments 2) 27.3 18.2
Debt instruments 39.7 40.8
Real estate 17.0 16.6
Other 16.0 24.4
2) No treasury shares are held in the plan assets of the pension fund.
The expected return on the plan assets is based on the expected inflation rates, interest rates, risk premiums and the target allocation of the plan
These estimates also take into consideration the historical yields of the individual asset classes.
Actuarial assumptions (Switzerland)
% 2012 2011
Technical interest rate 2.25% 2.50%
Anticipated yield on assets 4.0% 4.0%
Development of salaries 1.0% 1.0%
Development of pensions 0.25% 0.25%
Probability of departure Men Women
BVG 2010 BVG 2010
at age of 20 24.2% 22.5%
at age of 30 12.7% 13.9%
at age of 40 6.8% 8.6%
at age of 50 4.0% 6.0%
at age of 60 1.3% 1.6%
Amounts in current and previous four reporting periods
CHF 000 2012 2011 2010 2009 2008
Fair value of plan assets of employee benefit funds 600,183 547,465 526,599 476,163 448,805
Cash value of pension liabilities 678,542 684,406 619,386 528,456 496,034
Funded/unfunded status -78,359 -136,941 -92,787 -52,293 -47,229
Adjustments to plan obligations based on experience -27,027 2,349 -16,225 16,750 16,423
Adjustments to plan assets based on experience 23,196 -26,357 -10,143 23,081 -64,542
Estimated contributions for the following year
Employer's contribution 23,190
Employee's contribution 14,532
Bank Sarasin & Co. Ltd, Annual Report 2012 | 39