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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