DHL 2013 Annual Report Download - page 132
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Please find page 132 of the 2013 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Pensionable income consists of the annual base salary (xed annual remuneration)
computed on the basis of the average salary over the last twelve calendar months of
employment. Members of the Board of Management attain a pension level of aer
ve years of service. e maximum pension level of is attained aer ten years of
service. Subsequent pension benets increase or decrease to reect changes in the con-
sumer price index in Germany.
. Pension commitments under the previous system in financial year : individual breakdown
Pension commitments
Pension
level on
31 Dec. 2013
%
Maximum
pension level
%
Service cost for pension
obligation, financial year 2013
€
Present value
as at
31 Dec. 2013
€
Dr Frank Appel, Chairman 50 50 823,857 11,083,250
Jürgen Gerdes 25 50 244,254 4,749,766
Total 1,068,111 15,833,016
. Pension commitments under the previous system in the previous year : individual breakdown
Pension commitments
Pension
level on
31 Dec. 2012
%
Maximum
pension level
%
Service cost for pension
obligation, financial year 2012
€
Present value
as at
31 Dec. 2012
€
Dr Frank Appel, Chairman 50 50 614,968 10,447,301
Jürgen Gerdes 1 25 50 213,097 4,598,461
Walter Scheurle (until April ) 60 60 686,493 –
Total 1,514,558 15,045,762
1 Should benefits fall due whilst the Board member concerned is actively employed, their amount
will be calculated in accordance with the Pension Regulations of Deutsche Post AG (VersOPost)
at a minimum (based on a salary of ,).
Pension commitments under the new system
Since March , newly appointed Board of Management members have re-
ceived pension commitments based on a dened contribution plan rather than the
previous commitments, which were based on the nal salary. Under the dened contri-
bution pension plan, the company credits an annual amount of of the annual base
salary to a virtual pension account for the Board of Management member concerned.
e maximum contribution period is years. e pension capital accrues interest at an
annual rate equal to the “iBoxx Corporates + Annual Yield” rate, or at an annual
rate of . at minimum, and will continue to do so until the pension benets fall due.
e pension benets are paid out in a lump sum in the amount of the value accumulated
in the pension account. e benets fall due when the Board of Management member
reaches the age of or in the case of invalidity or death whilst being employed. In the
event of benets falling due, the pension beneciary may opt to receive an annuity pay-
ment in lieu of a lump sum payment. If this option is exercised, the capital is converted to
an annuity payment, taking into account the average “iBoxx Corporates + Annual
Yield” for the past ten full calendar years as well as the individual data of the surviving
dependents and a future pension increase of per year.
128 Deutsche Post DHL 2013 Annual Report
Corporate Governance Report
Remuneration report
Corporate Governance