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.