CA Indosuez (Switzerland) SA Annual Report 2022 76 5.12 LIABILITIES RELATING TO OWN PENSION SCHEMES (in thousands of CHF) 31.12.2022 31.12.2021 Amounts due in respect of client deposits 64,185 74,836 Negative replacement values of derivative financial instruments 594 1,228 Total liabilities relating to own pension schemes 64,779 76,064 5.13 FINANCIAL POSITION OF OWN PENSION SCHEMES Pension expenses included under "Personnel expenses" (in thousands of CHF) 2022 2021 CA Indosuez (Switzerland) SA pension fund 13,808 13,472 Employer contribution reserves: No employer contribution reserves were made with pension schemes for the current year or the previous year. Financial benefits/obligations arising from a funding surplus/deficit: The pension fund's latest annual financial statements, prepared in accordance with Swiss GAAP FER 26, show the following level of funding: 31.12.2021 31.12.2020 CA Indosuez (Switzerland) SA pension fund 116.7% 109.6% Based on preliminary figures, the degree of coverage is greater than 100% at 31 December 2022. As long as the reserves for fluctuation have not reached the regulatory amount, there is no surplus coverage. As such, there is no economic benefit for the Bank to recognise it on its balance sheet or income statement. Employees in foreign countries are insured through either benefit institutions in the form of collective foundations or collective insurance policies with life insurance companies, or through pension funds managed by their country of tax residence. These various plans do not offer commitments or benefits other than what is recognised on the balance sheet.
RkJQdWJsaXNoZXIy NzMxNTcx