ING Direct 2009 Annual Report Download - page 87

Pension costs
The table below shows the pension costs of the individual members
of the Executive Board.
Pension costs of the individual members of the Executive Board (1)
amounts in thousands of euros 2009 2008 2007
Jan Hommen (2) 0(1) For reasons of comparison, the Company pension expenses are recalculated under
IAS 19 with general assumption setting for 2007 to 2009.
(2) Jan Hommen does not participate in the pension plan.
(3) Patrick Flynn was appointed to the Executive Board on 27 April 2009. The 2009 pension
costs for this member reflect the partial year as Executive Board member.
(4) Koos Timmermans and John Hele were appointed to the Executive Board on 24 April
2007. The figures for these members reflect pension costs in their capacity as Executive
Board members. Thus, the figures for 2007 reflect the partial year as Executive Board
members.
(5) Eric Boyer de la Giroday, Dick Harryvan, Eli Leenaars, Tom McInerney, Hans van der
Noordaa and Jacques de Vaucleroy no longer serve on the Executive Board of ING
Groep N.V. as of 1 June 2009. The figures for these members reflect pension costs in
their capacity as Executive Board members. Thus, the figures for 2009 reflect the partial
year as Executive Board members.
(6) Tom McInerney’s and John Hele’s pension costs have been translated from US dollars to
euros at the average exchange rate for that year.
(7) Michel Tilmant stepped down from his position on the Executive Board on 26 January
2009 and retired on 1 August 2009. The figure for this member reflects pension costs
until 31 July 2009.
(8) John Hele stepped down from his position on the Executive Board on 31 March 2009.
The figure for this member reflects pension costs until the last day of employment. Thus,
the figure for 2009 reflects the partial year.
Patrick Flynn (3) 78
Koos Timmermans (4) 115 247 166
Eric Boyer de la Giroday (5) 100 639 566
Dick Harryvan (5) 74 374 324
Eli Leenaars (5) 48 313 348
Tom McInerney (5) (6) 193 285 286
Hans van der Noordaa (5) 48 313 267
Jacques de Vaucleroy (5) 48 313 267
Michel Tilmant (7) 213 971 874
John Hele (4) (6) (8) 18 125 72
Pension costs of former members of the Executive Board who are
not included in the above table amounted to nil in 2009 and 2008,
and to EUR 1,386 thousand in 2007.
Loans and advances to Executive Board members
The table below presents the loans and advances provided to
Executive Board members and outstanding on 31 December 2009,
2008 and 2007. These loans were concluded in the normal course
of business and on terms generally applicable to Company
personnel as a whole and were approved by the Supervisory Board.
Loans and advances to the individual members of the Executive Board
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
amounts in thousands of euros 2009 2008 2007
Koos Timmermans 380 4.6% 380 4.6% 380 4.6%
ING depositary receipts for shares held by
Executive Board members
Executive Board members are permitted to hold ING depositary
receipts for shares as a long-term investment. The table below
shows the holdings by members of the Executive Board.
ING depositary receipts for shares held by members of the Executive Board
number of shares 2009 2008 2007
Jan Hommen 46,426
Patrick Flynn
Koos Timmermans 14,457 2,546 2,000
ING Group Annual Report 2009 85