DHL 2014 Annual Report Download - page 158

 ’    
Dened benet obligations are measured using the projected unit
credit method prescribed by  . is involves making certain
actuarial assumptions. Most of the dened benet retirement plans
are at least partly funded via external plan assets. e remaining
net obligations are funded by provisions for pensions and similar
obligations; net assets are presented separately as pension assets.
Where necessary, an asset ceiling must be applied when recognis-
ing pension assets. With regard to the cost components, the service
cost is recognised in sta costs, the net interest cost in net nancial
income /net nance costs and any remeasurement outside prot
and loss in other comprehensive income.
   
     
In accordance with statutory provisions, Deutsche Post  pays
contributions to retirement plans in Germany which are dened
contribution retirement plans for the company. ese contribu-
tions are recognised in sta costs.
Under the provisions of the Gesetz zum Personalrecht der
Beschäigten der früheren Deutschen Bundespost (PostPersRG –
Former Deutsche Bundespost Employees Act), introduced as
article  of the Gesetz zur Neuordnung des Postwesens und der Tele-
kommunikation (PTNeuOG – German Posts and Telecommunica-
tions Reorganisation Act), Deutsche Post  provides benet and
assistance payments through the Bundes-Pensions-Service für Post
und Telekommunikation e. V. -, a special pension fund
for postal civil servants operated jointly, since early , by the
Deutsche Bundespost successor companies, to retired employees or
their surviving dependants who are entitled to benets on the basis
of a civil service appointment. At the beginning of , Bundes-
anstalt für Post und Telekommunikation ( BAnstPT– Federal Posts
and Telecommunications Agency) assumed the rights and obliga-
tions of the -. It has undertaken the tasks of the pension fund
for postal civil servants since that time. e amount of Deutsche
Post ’s payment obligations is governed by section  of the Post-
PersRG. Since , this Act has obliged Deutsche Post  to pay
into the postal civil servant pension fund an annual contribution
of   of the gross compensation of its active civil servants and the
notional gross compensation of civil servants on leave of absence
who are eligible for a pension.
Under section  of the PostPersRG, the federal government
makes good the dierence between the current payment obliga-
tions of the postal civil servant pension fund on the one hand, and
the funding companies’ current contributions or other return on
assets on the other, and guarantees that the postal civil ser vant
pension fund is able at all times to meet the obligations it has
assumed in respect of its funding companies. Insofar as the federal
government makes payments to the postal civil servant pension
fund under the terms of this guarantee, it cannot claim reimburse-
ment from Deutsche Post .
   
  ’     
Contributions to dened contribution retirement plans for the
Group’s hourly workers and salaried employees are also reported
under sta costs.
is also includes contributions to certain multi-employer
plans which are basically dened benet plans, especially in the
 and the Netherlands. However, the relevant institutions do not
provide the participating companies with sucient information to
use dened benet accounting. e plans are therefore accounted
for as if they were dened contribution plans.
Regarding these multi-employer plans in the , contribu-
tions are made based on collective bargaining agreements between
the employer and the local union. ere is no employer liability to
any of the plans beyond the normal bargained contribution rates
except in the event of a withdrawal meeting specied criteria or
in the event of liability for other entities' obligations as governed
by  federal law. e expected employer contributions to the
funds for  are  million (actual employer contributions in
the reporting year:  million, in the previous year:  million).
Some of the plans in which Deutsche Post  Group participates
are underfunded according to information provided by the funds.
ere is no information from the plans that would indicate any
change from the contribution rates set by current collective bar-
gaining agreements. Currently, Deutsche Post  Group does not
represent a signicant level to any fund in terms of contributions,
with the exception of one fund where the Group represents the
largest employer in terms of contributions.
Regarding one multi-employer plan in the Netherlands, cost
coverage-based contribution rates are set annually by the board
of the pension fund with the involvement of the Central Bank
of the Netherlands, and these rates are equal for all participating
employers and employees. ere is no liability for the employer
towards the fund beyond the contributions set, even in the case
of withdrawal or obligations not met by other entities. Any sub-
sequent underfunding ultimately results in the rights of mem-
bers being cut and /or no indexation of their rights. e expected
employer contributions to the funds for  are  million
(actual employer contributions in the reporting year:  mil-
lion, in the previous year:  million). Currently, the plan is not
underfunded according to information provided by the fund.
Deutsche Post  Group does not represent a signicant portion
of the fund in terms of contributions.
Deutsche Post  Group —  Annual Report
152