Service-oriented - Die Schweizerische Post

Annual Report | Financial Report | Financial statements of Swiss Post Group
Statement of recognized employee benefit obligations arising from defined benefit plans within the Swiss Post
pension fund foundation:
31.12.2006 31.12.2005
CHF m
Present value of employee benefit obligations 15 648 15 456
Benefit plan assets at fair value – 13 627 – 12 580
Shortfall 2 021 2 876
Non­amortized actuarial gains1 605 267
Non­amortized plan amendment costs – 23 – 27
Employee benefit obligations excluding assets set aside 24 6
Total recognized employee benefit obligations arising from defined benefit plans 2 627 3 122
1 This amount corresponds to the cumulative actuarial gains/losses arising from the discrepancy between assumed values and actual values and from adjustments to actuarial assumptions.
Change in recognized employee benefit obligations arising from defined benefit plans
2006 2005
CHF m
As at 1.1 3 122 3 523
Employee benefit obligations arising from defined benefit plans 152 225
Employer contributions paid – 315 – 276
Appropriation of profits – 350 – 350
Additions to scope of consolidation 18 –
As at 31.12 2 627 3 122
of which:
short­term, i.e. payments falling due within the next 12 months 152 277
long­term 2 475 2 845
The following parameters were applied:
31.12.2006 31.12.2005
Actuarial assumptions
Discount rate 3.00 % 3.00 %
Expected change in wages 2.00 % 2.00 %
Expected long­term return on plan assets 4.50 % 4.50 %
Pension indexation 0.50 % 0.50 %
Staff turnover 3.70 % 3.86 %
Long­term benefits due to employees are shown and described under Note 27 (Provisions).
113