Pensions and Other Post-Employment Benefits

 (unaudited)

 

Three months ended

Six months ended

in € m.

Jun 30, 2014

Jun 30, 2013

Jun 30, 2014

Jun 30, 2013

Service cost

70

66

137

138

Net interest cost (income)

2

3

2

13

Total expenses defined benefit plans

71

69

139

151

Total expenses for defined contribution plans

91

86

199

196

Total expenses for post-employment benefits

162

156

338

346

 

 

 

 

 

Employer contributions to mandatory German social security pension plan

54

55

116

115

The Group expects to pay approximately € 200 million in regular contributions to its retirement benefit plans in 2014. It is not expected that any plan assets will be returned to the Group during the year ending December 31, 2014.

Discount rate to determine defined benefit obligation

in %

Jun 30, 2014

Dec 31, 2013

Germany

2.8

3.6

UK

4.4

4.5

U.S.

4.2

4.8