Mercedes 2009 Annual Report Download - page 222

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218
21. Pensions and similar obligations
Provisions for pension benefit plans and similar obligations are
comprised of the following components:
Defined pension benefit plans
The Group provides pension benefits with defined entitlements
to almost all of its employees, which have to be accounted for as
defined benefit plans and are funded in large part with assets.
Starting in 2008, the majority of the active employees are entitled
to pay-related defined pension benefits. Under these plans,
employees earn benefits for each year of service. The benefits
earned per year of service are dependent on the salary level
and age of the respective employees.
Funded status. The following information with respect to the
Group’s pension plans is presented separately for German plans
and non-German plans. In 2006 and 2005, the non-German
plans were principally comprised of plans in the United States
still including the Chrysler plans. In 2007, as a result of the
deconsolidation of Chrysler, the Group’s provisions for pension
benefits and the corresponding plan assets decreased signifi-
cantly.
The funded status has developed since 2005 as follows:
At December 31,
2008
2009
3,148
924
10
4,082
3,282
848
10
4,140
Provision for pension benefits (pension plans)
Provision for other post-employment benefits
Provision for other benefits
in millions of €
At December 31, 2007
Non-
German
plans
German
plansTotal
At December 31, 2008
Non-
German
plans
German
plansTotal
At December 31, 2009
Non-
German
plans
German
plans
16,529
10,624
5,905
14,183
9,197
4,986
2,346
1,427
919
2,147
1,701
446
13,539
12,073
1,466
15,686
13,774
1,912
2,264
1,314
950
12,780
8,796
3,984
15,044
10,110
4,934
in millions of €
Total
Present value of defined benefit obligations
Less fair value of plan assets
Funded status deficit (surplus)
At December 31, 2006
Non-
German
plans
German
plansTotal
At December 31, 2005
Non-
German
plans
German
plansTotal
37,466
35,176
2,290
14,728
11 , 54 2
3,186
22,738
23,634
(896)
41, 514
34,348
7,166
15,163
10,590
4,573
26,351
23,758
2,593
in millions of €
Present value of defined benefit obligations
Less fair value of plan assets
Funded status deficit (surplus)