BPCE - 2019 Universal Registration Document
FINANCIAL REPORT
BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS
Analysis of expenses for the year
Other long-term employee benefits
Other long-term employee benefits
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supple- mentary pension benefits and other
Supple- mentary pension benefits and other
End-of- career awards
Long- service awards
End-of- career awards
Long- service awards
CGPCE plan
CARBP plan
CGPCE plan
CARBP plan
in millions of euros Service cost Past service cost Interest cost
12/31/2019
12/31/2018
6
5
1
12
7
4
11
(4)
(4)
0 6
2
4
6
2
4
Interest income Actuarial gains recognized in income
(2)
(4)
(6)
(2)
(3)
(5)
0 7
0 4
Other
1 3
4 9
2 0
1 9
3 7
TOTAL
0
0
15
0
0
0
16
In expenses for the period, income of €4 million was generated beneficiary entitlements were dependent on their continued in respect of past service costs This resulted from the presence in the company on retirement.
crystallization of beneficiary entitlements under the two pension schemes following the enactment of European directive 2014/50 EU of April 6, 2014 on employee mobility. This directive notably led to the closure of the two pension schemes in which
The line “Other” mostly concerns entitlements granted to new employees.
Main actuarial assumptions
12/31/2019
12/31/2018
5
Other long-term employee benefits
Other long-term employee benefits
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supple- mentary pension benefits and other 1.19% to 1.86%
Supple- mentary pension benefits and other 0.48% to 0.83%
End-of- career awards 0.29% to 1.6%
Long- service awards 0.45% to 1.05%
End-of- career awards
Long- service awards
CGPCE plan
CARBP plan
CGPCE plan
CARBP plan
as a%
(0.13%) to 0.64%
(0.04%) to
Discount rate Inflation rate
0.86% 0.62%
0.30% 1.82% 1.56%
1.60% 1.60% 1.60% 1.60% 1.60% 1.70% 1.70% 1.70% 1.70% 1.70%
Wage growth rate
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
AGIRC – ARRCO revaluation rate
inflation (0.50%)
inflation (0.50%)
inflation (1%)
inflation ( 1%)
N/A
N/A
N/A
N/A
N/A
N/A
Life tables used
TGH05-TGF05 TGH05-TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05 TGH05/TGF05
Duration
18.2
14.3 12.2 to 19.2 3.3 to 14.8 4.6 to 9.4
17.5
13.8 9.7 to 19.5 3.9 to 14.3 4.8 to 8.6
Stock option purchase plans Since the formation of BPCE, company directors have neither received share subscription or purchase options, nor been awarded bonus shares.
The life tables used are: TGH05/TGF05 for termination benefits, long service awards • and other benefits, as well as for CGPCE and CARBP. The discount rate used is based on the prime borrower curve (EUR Composite AA curve).
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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE
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