FINANCIAL REPORT - Française des Jeux

3.12.1. Provisions related to employee benefi ts
LA FRANÇAISE DES JEUX — 73
The post-employment benefi ts scheme corresponds to benefi ts paid to employees when they retire, as set out in the relevant national
industry agreement, in accordance with the criteria governing length of service, age, and terms and conditions of retirement.
The discount rate used was 4.56%, defi ned based on the reference rate for AA corporate bonds with a maturity of between 10 and
15 years in the euro zone, including an infl ation rate of 2.2%. Using the corridor method , the actuarial gains and losses still to be
amortised at 31 December 2010 stand at €0.7m.
In addition, under the reform of the French pension system, the conditions for retirement have been changed. The age of retirement
is gradually being raised from 60 to 62 years for non-managers at the rate of 4 months per year depending on the date of birth. It
was already set at 62 years for managers.
The change in liability and provision and the net cost for the period were as follows:
In thousands of euros
Actuarial liability estimated at 31.12.2009 6,114
Normal cost 545
Interest on the actuarial liability 296
Actuarial gains generated at year-end - 217
Costs for past service 987
Benefi ts paid - 324
Actual actuarial liability at 31.12.2010 7,401
Actuarial losses accrued 675
Accrued costs of past service - 657
Provision at 31.12.2010 7,383
Normal cost 545
Interest on the actuarial liability 296
Amortisation of actuarial gains and losses 24
Amortisation of cost of past services - 113
Benefi ts theoretically paid - 324
Net cost 428
Long-service benefi ts consist of days of leave, and are therefore subject to social security contributions.
3.12.2. Other provisions
Other provisions for contingencies and losses relate to various litigation proceedings.