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4B PENSIONS AND SIMILAR OBLIGATIONS ONTINUED
For the most mportant penson plans, representng approxmately 84% of all defned beneft plans labltes, the assumptons used at
31 December 2014 and 2013 were
Unted Kngdom Netherlands Unted States ermany
2014 2013 2014 2013 2014 2013 2014 2013
Dscount rate 35% 45% 19% 35% 38% 47% 19% 35%
Inflaton 29% 33% 17% 18% 23% 23% 17% 18%
Rate of ncrease n salares 29% 36% 22% 23% 30% 30% 27% 28%
Rate of ncrease for pensons n payment
(where provded) 27% 31% 17% 18% ––17% 18%
Rate of ncrease for pensons n deferment
(where provded) 28% 32% 17% 18% ––––
Number of years a current pensoner s
expected to lve beyond age 65
Men 224 223 216 220 216 205 194 194
Women 245 244 236 236 238 228 230 230
Number of years a future pensoner currently
aged 45 s expected to lve beyond age 65
Men 236 236 238 236 233 226 194 194
Women 263 261 258 246 255 248 230 230
Demographc assumptons, such as mortalty rates, are set havng regard to the latest trends n lfe expectancy (ncludng expectatons
of future mprovements), plan experence and other relevant data These assumptons are revewed and updated as necessary as part
of the perodc actuaral valuaton of the penson plans The years of lfe expectancy for 2014 above have been translated from the
followng tables
• UK the year of use S1 seres all pensoners (‘S1PA’) tables have been adopted, whch are based on the experence of UK penson
schemes over the perod 2000-2006 Scalng factors are appled reflectng the experence of our penson funds approprate to the
member’s gender and status Future mprovements n longevty have been allowed for n lne wth the 2012 MI core proectons
and a 1% pa long-term mprovement rate
• The Netherlands the Dutch Actuaral Socety’s A Prognosetafel 2014 table s used wth correcton factors to allow for the
typcally longer lfe expectancy for fund members relatve to the general populaton Ths table has an n-bult allowance for
future mprovements n longevty
• Unted States the table RP-2014 wth MP-2014 generatonal mortalty mprovement Ths table has an n-bult allowance for future
mprovements n longevty
• ermany fund specfc tables are used whch broadly equate to the Heubeck 2005 generatonal table proected to 2030
Assumptons for the remanng defned beneft plans vary consderably, dependng on the economc condtons of the countres where
they are stuated
INOME STATEMENT
The charge to the ncome statement comprses
Notes
 mllon
2014
 mllon
2013
 mllon
2012
harged to operatng proft
Defned beneft penson and other beneft plans
urrent servce cost (259) (301) (290)
Employee contrbutons 16 18 18
Specal termnaton benefts (27) (18) (17)
Past servce cost ncludng (losses)/gans on curtalments 87 89 47
Settlements 10 – –
Defned contrbuton plans (115) (121) (116)
Total operatng cost 4A (288) (333) (358)
Fnance ncome/(cost) 5 (94) (133) (145)
Net mpact on the ncome statement (before tax) (382) (466) (503)
95Unilever Annual Report and Accounts 2014 Financial statements