Uster Technologies Ltd | Annual Report 2009 Uster Technologies ...

The changes in the present value of the defined benefit obligation are as follows:in CHF 1,000 Dec 31, 2009 Dec 31, 2008Reconciliation of defined benefit obligationDefined benefit obligation at January 1 63,802 70,978Current employer service cost 2,146 2,502Interest expense 1,981 2,484Employee contribution 1,175 1,461Benefit payments / net inflow -762 -8,787Plan settlement -8,762 -3,937Plan curtailment 0 -653Actuarial (gain)/ loss 2,057 -246Defined benefit obligation at December 31 61,637 63,802The changes in the fair value of the plan assets are as follows:in CHF 1,000 Dec 31, 2009 Dec 31, 2008Reconciliation of assetsAssets at January 1 72,245 89,346Expected return 2,596 3,637Employer contribution 1,377 1,710Employee contribution 1,175 1,461Benefit payments / net inflow -762 -8,787Plan settlement -8,762 -3,937Actuarial gain /(loss) on plan assets -6,151 -11,185Assets at December 31 61,718 72,245The strategic target of major categories of plan assets as a percentage of the fair value of total plan assets areas follows:Dec 31, 2009 Dec 31, 2008Asset categoriesEquity securities 28% 26%Debt securities 33% 33%Property 26% 28%Other 13% 13%The overall expected rate of return is determined based on the plan’s asset allocation strategy and currentmarket rates.84 Uster Group – Notes to the Consolidated Financial Statements 2009