Mercedes 2006 Annual Report Download - page 206
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190
The weighted average assumptions used to determine the
benefit obligations of the Group’s postretirement benefit plans
at December 31 were as follows (in %):
The weighted average assumptions used to determine
the net periodic postretirement benefit cost of the Group’s
postretirement benefit plans were as follows (in %):
US postretirement benefit plan assets utilize an asset allocation
substantially similar to that of the pension assets so the expect-
ed rate of return is the same for both pension and postretire-
ment benefit plan asset portfolios. Accordingly, the information
about the expected rate of return on pension plan assets
described above also applies to postretirement plan assets.
For 2007, the expected rate of return on plan assets is the
same as the rate applied in 2006.
The assumptions have a significant effect on the amounts
reported for the Group’s health care plans. The following sched-
ule presents the effects of a one-percentage-point change in
assumed ultimate health care cost inflation rates as from 2014:
Net postretirement benefit cost. The components of net
periodic postretirement benefit cost were as follows:
In 2007, the charges from the amortization of unrecognized
net actuarial losses are expected to approximate €0.3 billion and
income from unrecognized prior service cost is expected
to approximate €0.1 billion.
2004
20052006
5.9
8.3
5.0
5.7
7.4
5.0
6.0
8.0
5.0
Average assumptions:
Discount rate
Health care inflation rate in
following (or “base”) year
Ultimate health care inflation rate
(2014/2011/2011)
200420052006
5.7
8.5
7.4
5.0
6.0
8.5
8.0
5.0
6.3
8.5
8.0
5.0
Average assumptions:
Discount rate
Expected return on plan assets
(at the beginning of the year)
Health care inflation rate in
following (or “base”) year
Ultimate health care inflation
rate (2011)
200420052006
293
905
(152)
355
(62)
1,339
3
1,342
273
917
(155)
301
(8)
1,328
3
1,331
255
863
(159)
208
3
1,170
3
1,173
Service cost
Interest cost
Expected return on plan assets
Amortization of:
unrecognized net actuarial losses
unrecognized prior service cost
Net periodic postretirement benefit
cost
Settlement/curtailment loss
Net postretirement benefit cost
(in millions of €)
1-percentage-
point decrease
1-percentage-
point increase
169
1,956
(136)
(1,615)
Effect on total of service and interest cost
components
Effect on accumulated postretirement benefit
obligations
(in millions €)