15 Employee Benefits


Employee benefit liabilities
In CHF million  
  30.06.2015 31.12.2014
Employee benefit liabilities consist of
 
gross defined benefit liabilities
  1 752 1 677
other employee benefit liabilities
  111 144
Total employee benefit liabilities
  1 863 1 821


Amounts recognised as defined benefit assets/liabilities
In CHF million  
  30.06.2015 31.12.2014
Present value of defined benefit obligation
  –3 222 –3 097
Fair value of plan assets
  1 571 1 519
Net defined benefit liability
  –1 652 –1 578
 
Insurance contracts not eligible as plan assets under IFRS
  1 392 1 440
Net defined benefit surplus (+)/deficit (–) (economic view)
  –260 –138
 
The net defined benefit liability consists of
 
gross defined benefit liabilities
  –1 752 –1 677
gross defined benefit assets
  100 99


To assess the funding situation of the defined benefit plans in total, plan assets as well as insurance contracts not eligible as plan assets under IFRS must be set off against the present value of the defined benefit obligation. The total deficit taking into consideration insurance contracts not eligible as plan assets under IFRS amounted to CHF 260 million as at 30 June 2015 (31.12.2014: deficit of CHF 138 million).

Defined benefit expense in the first half of 2015 comprises CHF 7 million negative past service cost due to plan amendments.

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