Service-oriented - Die Schweizerische Post

112 Annual Report | Financial Report | Financial statements of Swiss Post Group
9 Employee benefits
There are various employee benefit institutions in Switzerland and abroad. Most of the employees are insured
with the Swiss Post pension fund foundation. This is a defined benefit plan. The plan insures staff employed
by Swiss Post, affiliated organizations and companies, and Postbus operators (to the extent that the latter are
deployed in operating Postbus routes) against the financial consequences of old age, death and disability. As
required by law, employees are insured with the defined benefit plan no earlier than 1 January after reaching
the age of 17 years if they have entered into a regular contract of employment under which they are compensated
by way of a monthly salary for more than three months and the applicable annual salary exceeds
three quarters of the maximum old age pension under Swiss Old Age and Survivors’ Insurance (AHV); or if they
are employed to work at least one third of regular working hours. The pension fund insures an applicable
annual salary of up to 180,000 francs. The other pension plans are immaterial in the context of the consolidated
financial statements.
2006 2005
CHF m
Accrued benefit claims 426 393
Interest on future benefit claims 454 492
Expected return on assets – 565 – 508
Amortization of retroactive benefit improvements 4 4
Employee contributions – 167 – 156
Employee benefit obligations arising from defined benefit plans 152 225
Employee benefit obligations for Postbus operators recognized under “Compensation paid to Postbus operators” – 10 – 10
Employee benefit obligations for other benefit plans 12 7
Group employee benefit obligations 154 222
Actual return on plan assets 933 1 232
Transactions between the Swiss Post pension fund foundation and Swiss Post are subject to terms and
conditions consistent with those prevailing in the marketplace.