Pensions and Other Post-Employment Benefits

 (unaudited)

 

Three months ended

Nine months ended

in € m.

Sep 30, 2014

Sep 30, 2013

Sep 30, 2014

Sep 30, 2013

Service cost

70

77

207

215

Net interest cost (income)

0

1

2

14

Total expenses defined benefit plans

70

78

209

229

Total expenses for defined contribution plans

91

89

290

285

Total expenses for post-employment benefits

161

167

499

514

 

 

 

 

 

Employer contributions to mandatory German social security pension plan

56

54

172

169

The Group expects to pay approximately € 250 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 %

Sep 30, 2014

Dec 31, 2013

Germany

2.4

3.6

UK

4.1

4.5

U.S.

4.1

4.8