DHL 2009 Annual Report Download - page 136
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Eligibility for retirement bene ts begins at the earliest at the age of , or at the age of
in the case of Jürgen Gerdes. e members of the Board of Management may choose
between regular pension payments and a lump sum. e bene t amount depends on the
pensionable income and the pension level derived from the years of service.
Pensionable income consists of the xed annual remuneration (annual base salary)
computed on the basis of the average salary of the last months of employment. Mem-
bers of the Board of Management appointed for the rst time between and
attain a pension level of a er ve years of service on the Board of Management.
e maximum pension level of is attained a er ten years of service. For active
Board of Management members appointed prior to , the maximum pension level
is . Depending on the individual contractual arrangements, the pension level in-
creases gradually based on either the period of service or the periods of appointment
on the Board of Management. Subsequent pension bene ts increase or decrease to
re ect changes in the consumer price index in Germany.
. Individual pension commitments under the previous system in fi nancial year
Pension commitments
Pension level on
31 Dec. 2009
%
Maximum
pension level
%
Service cost for pension obligation
Financial year 2009
€
Dr Frank Appel, Chairman 25 50 415,539
Jürgen Gerdes1) 0 50 117,912
John Mullen (until Feb. ) 45 50 674,2112)
Walter Scheurle 30 60 506,408
Total 1,714,070
Minimum period not yet complete. In the event of benefi ts being paid, the provisions of the previous system will apply.
Cost for the entire year.
. Individual pension commitments under the previous system in
Pension commitments
Pension level
on 31 Dec. 2008
%
Maximum
pension level
%
Service cost for pension obligation
Financial year 2008
€
Dr Frank Appel (Chairman since Feb. ) 25 50 444,8971)
Jürgen Gerdes2) 0 50 112,312
John Mullen 35 50 546,824
Walter Scheurle 30 60 528,795
Increase in benefi ts due to assumption of chairmanship of the Board of Management.
Minimum period not yet complete. In the event of benefi ts being paid, the provisions of the previous system will apply.
119
Deutsche Post DHL Annual Report
Corporate Governance
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