Porsche 2011 Annual Report Download - page 35
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Post-employment benefits
The members of Porsche SE’s executive
board do not receive any pension benefits from the
company.
Executive board members Prof. Dr. Martin
Winterkorn and Hans Dieter Pötsch receive a pension
commitment for their service for the Volkswagen
group. The pension is determined as a percentage of
the fixed basic salary. Starting from a rate of 50
percent, the individual percentage rate increases by
two percentage points per year of service at the
company. The maximum rate determined by the ex-
ecutive committee of Volkswagen AG’s supervisory
board is 70 percent.
Thomas Edig and Matthias Müller were mem-
bers of the executive board of Porsche SE and the
executive board of Porsche AG in the fiscal year 2011.
The members of the executive board of Porsche AG
are entitled to future benefits from this company
which as a rule range between 25 percent and 40
percent of the most recent basic salary depending on
their years of service.
The expense recognized for the current addi-
tion to pension provisions at Porsche AG amounts to
230,308 euro for Thomas Edig and to 1,014,340
euro for Matthias Müller. The expense recognized at
Volkswagen AG for the addition to pension provisions
amounts to 875,002 euro for Prof. Dr. Martin Winter-
korn and 1,460,569 euro for Hans Dieter Pötsch.
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