34 Pension schemes

Economic benefit/economic liability and pension benefit expenses

CHF thousand

Overfunding/ underfunding

Organisation's share of economic liability

Change on prior year

Contributions concerning the business period

Pension benefit expenses within personnel expenses

 

31.12.2020

31.12.2020

31.12.2019

2020

2020

2020

2019

 

 

 

 

 

 

 

 

Pension plans without overfunding/underfunding

-

-

-

-

3,229

3,229

6,558

Pension institutions with unfunded obligations

-

–4,135

–3,871

–263

319

880

787

Total

-

–4,135

–3,871

–263

3,548

4,109

7,345

The pension fund for employees of Repower AG is organised as a joint pension scheme of the PKE Vorsorgestiftung foundation.

To compensate for the future reduction in conversion rates for the occupational pensions of employees in Switzerland, Repower AG made an additional employer’s contribution of CHF 3,087 thousand in the 2019 financial year (see Note 8).

The item “pension institutions with unfunded obligations” relates to the obligation to pay severance pay in Italy (see Note 27). The change in the stated provision related to pension benefit expenses in the income statement comes to CHF 561 thousand at the average exchange rate.

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