Pension Obligations

Pension obligations for different groups of employees

In order to evaluate Deutsche Post DHL's pension obligations, a distinction must be made between  different groups of employees: civil servants and hourly workers and salaried employees. 

• The pension obligations for hourly workers and salaried employees are composed of (externally) funded and "unfunded" (internally funded) obligations. The difference between the two forms is that funded obligations are financed via a separate pension trust, whilst internally funded provisions are reflected as provisions and are therefore covered by company assets.
• The pensions of the civil servants are financed through the state-owned organisation Bundes-Pensions-Service für Post und Telekommunikation e.V.

Defined contribution plans for civil servants

Deutsche Post and Deutsche Postbank AG make payments to defined-contribution plans in accordance with statutory requirements.

Since 2000, annual contribution of 33% of the annual gross salaries of the active civil servants and 33% of the notional gross pensions of civil servants on leave of absence have been paid. In 2009, Deutsche Post AG paid contributions of €559 million to Bundes-Pensions-Service für Post und Telekommunikation e.V. Payments will decline over time because no additional civil servants have been added to this plan since 1993. The German federal government assumes other risks associated with the fulfilment of the pension obligations of civil servants.