34 Pension schemes
Economic benefit/economic liability and pension benefit expenses
|
CHF thousand |
Overfunding (unaudited) |
Organisation's share of economic liability |
Change on prior year |
Contributions concerning the business period |
Pension benefit expenses within personnel expenses |
||
|
|
31.12.2021 |
31.12.2021 |
31.12.2020 |
2021 |
2021 |
2021 |
2020 |
|
|
|
|
|
|
|
|
|
|
Pension plans with overfunding |
9,774 |
- |
- |
- |
3,494 |
3,494 |
3,229 |
|
Pension institutions with unfunded obligations |
- |
–4,377 |
–4,135 |
–242 |
318 |
1,010 |
880 |
|
Total |
9,774 |
–4,377 |
–4,135 |
–242 |
3,812 |
4,504 |
4,109 |
The pension fund for employees of Repower AG is organised as a joint pension scheme of the PKE Vorsorgestiftung foundation. Subject to the approval of the pension foundation’s financial statements by the board of trustees, the share of Repower’s non-committed funds is CHF 9,774 thousand.
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 692 thousand at the average exchange rate.