DHL 2007 Annual Report Download - page 122
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118
Deutsche Post World Net Annual Report 2007
Pension commitments: individual breakdown
Pension commitments for the Board of Management
Pension commitments
Pension level on
31 Dec. 2007
%
Maximum
pension level
%
Service cost for
pension obligation
Financial year 2007
€
Dr Klaus Zumwinkel,
Chairman 75 75 01)
Dr Frank Appel 25 50 334,558
Prof. Dr Edgar Ernst2) 75 75 566,584
Jürgen Gerdes3),4) 0 50 76,011
Dr Wolfgang Klein3),5) 60 60 184,414
John P. Mullen 35 50 652,498
Dr Hans-Dieter Petram6) 75 01)
Walter Scheurle 30 60 627,516
Prof. Dr Wulf von
Schimmelmann5),6) 75 1,623,938
1) Ongoing fi nancing complete.
2) Member of the Board of Management until 30 September 2007.
3) Member of the Board of Management since 1 July 2007.
4) Minimum period not yet complete. In the event of immediate entitlement, the provisions of the existing pension plan apply.
5) The pension commitment is owed by Deutsche Postbank AG. The service cost is for the whole year.
6) Member of the Board of Management until 30 June 2007 (retirement).
e pension commitment made to Dr Wolfgang Klein relates to his function as chair-
man of the Management Board of Deutsche Postbank AG and is therefore owed in
its entirety by Deutsche Postbank AG. e commitment therefore varies in certain
respects from the arrangements discussed above at Deutsche Post AG; the basic struc-
ture is, however, identical. e bene t amount depends on the pensionable income
and the pension level derived from the years of service. Dr Wolfgang Klein has al-
ready attained the maximum pension level of . According to his contract, retire-
ment bene ts are generally paid from the age of or, if the employment contract
is not renewed, a er reaching the age of . A bridge allowance will be paid for a
two-year period in addition to the retirement bene ts if he leaves the employ of the
company upon reaching the age limit of or due to permanent disability. Subsequent
adjustments of the retirement bene ts will be based on the percentage change in the
highest pay scale group in the collective agreement covering the Association of Ger-
man Public Sector Banks.