Page 39 - KELAG Annual Report 2017
P. 39

PENSIONS AND PENSION-RELATED
                                       OBLIGATIONS
                                         Discount rate
                                            Pensions                                  1.03%             1.20%
                                            Defined benefit plans and pension-related   1.68 - 1.80%   1.71 - 1.84%
                                            obligations
                                         Pension increases
                                            Increase rate for pension assessment base   1.66%           1.71%
                                            Increase rate for future pensions         1.33%             1.30%
                                         Employee turnover                             None             None
                                         Pension age for women                      56.5 to 62       56.5 to 62
                                         Pension age for men                             62               62
                                         Long-term return on plan assets              1.80%             1.84%
                                       STATUTORY SEVERANCE PAYMENTS
                                         Discount rate                                1.03%             1.02%
                                         Salary increases                             1.66%             1.71%
                                         Employee turnover                             None             None




                                      The following sensitivity analyses for pension obligations and severance payments presents the
                                      impact of changes in the main actuarial assumptions on the amount of the obligations. In each
                                      case, one significant input is changed and the other inputs kept constant. The change in the
                                      obligation is calculated in the same way as the actual obligation using the projected unit credit
                                      method (PUC method) pursuant to IAS 19.
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