Telstra 2014 Annual Report Download - page 161
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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Financial Report
Telstra Corporation Limited and controlled entities
Telstra Annual Report 159
(h) Employer Contributions (continued)
The following tables shows the expected proportion of benefits
paid from the defined benefit obligation in future years:
The average duration of the defined benefit plan obligation at the
end of the reporting period is 10.1 years (2013: 10.3 years).
CSL Retirement Scheme
The contributions payable to the defined benefit divisions are
determined by the actuary using the attained age normal funding
actuarial valuation method.
(i) Other defined contribution schemes
A number of our controlled entities also participate in defined
contribution schemes that receive employer and employee
contributions based on a percentage of the employees’ salaries.
We made contributions to these schemes of $31 million (2013: $24
million).
24. POST EMPLOYMENT BENEFITS (CONTINUED)
Telstra Super
Year ended 30 June
2014 2013
%%
Less than 1 year ................................ 44
Between 2 and 4 years ..................... 16 15
Between 5 and 10 years ................... 23 22
Between 11 and 19 years ................. 45 45
Beyond 20 years................................ 12 14