Asus 2015 Annual Report Download - page 205

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(E) The principal actuarial assumptions used are as follows:
Assumptions regarding future mortality experience are set based on actuarial advice in
accordance with published statistics and experience in each territory.
Because the main actuarial assumption changed, the present value of defined benefit
obligation is affected. The analysis was as follows:
The sensitivity analysis above based on other conditions are unchanged but only one
assumption is changed. In practice, more than one assumption may change all at once.
The method of analysing sensitivity and the method of calculating net pension liability in
the balance sheets are the same.
(F) Expected contributions to the defined benefit pension plans of the Group for the year
ending December 31, 2016 are $1,263.
(G) As of December 31, 2015, the weighted average duration of that retirement plan is 4.3 ~
26.09 years.
B. Defined contribution pension plans
(A) Effective July 1, 2005, the Company and its domestic subsidiaries have established a
defined contribution pension plan (New Plan) under the Labor Pension Act, covering all
regular employees with R.O.C. nationality. Under the New Plan, the Company and its
domestic subsidiaries contribute monthly an amount based on 6% of the employees’
monthly salaries and wages to the employees’ individual pension accounts at the Bureau
of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon
termination of employment.
(B) The Company’s mainland subsidiaries have a defined contribution plan. Monthly
contributions to an independent fund administered by the government in accordance with
the pension regulations in the People’s Republic of China are based on certain percentage
of employees’ monthly salaries and wages. Other than the monthly contributions, the
Group has no further obligations.
(C) The pension costs under the defined contribution pension plans of the Group were
$1,307,392 and $952,643 for the years ended December 31, 2015 and 2014, respectively.
2015 2014
Discount rate 1.50%~9.00% 1.88%~3.50%
Future salary increases 2.00%~10.00% 2.00%~4.00%
Expected return on plan assets 1.75%~2.00% 1.75%~2.25%
For the years ended December 31,
Increase Decrease Increase Decrease
0.25%~1% 0.25%~1% 0.25%~1% 0.25%~1%
December 31, 2015
Effect on present value of 14,215)($ 15,633$ 11,191$ 10,492)($
defined benefit obligation
Discount rate
Future salary increases rate