TÜV Rheinland Corporate Report 2013

Page 140

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In assessing the defined benefit obligation, variables that determine the actual cost of payments made after retirement are taken into account. In addition to the biometric parameters used in Germany – the  G Klaus Heubeck tables (which

contain statements on mortality, survivors, and disability) – these are mainly financial assumptions in respect of, for example, the discount rate and future salary and benefit levels. The main assumptions are listed as follows:

2013

2012

in %

Germany

Abroad

Germany

Abroad

Actuarial interest rate

3.50

2.09

3.50

2.22

Wage and salary trend

2.25

3.88

2.25

4.06

Increase in current payments

2.00

2.00

Sensitivity

Germany

Abroad

< 0.50

– 5.40

– 6.93

– 0.50

5.96

7.63

< 0.25

0.10

3.65

– 0.25

– 0.10

– 3.44

+0.25

1.81

– 0.25

– 2.48

The following chart shows what effect a change to the underlying assumptions would have on defined benefit obligations as at December , . In this context, it is assumed that the other assumptions remain unchanged. in % Actuarial interest rate Wage and salary trend Increase in current payments

TÜV Rheinland Corporate Report 2013


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