EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

French and foreign subsidiaries not covered by the special IEG system Pension obligations principally relate to the British companies and are mostly covered by defined-benefit plans. In the United Kingdom, EDF Energy has three principal defined-benefit pension plans: the British Energy Generation Group (BEGG) plan affiliated to the Electricity ● Supply Pension Scheme (ESPS), of which the majority of members are employees in Nuclear Generation. The BEGG plan was closed to new members in August 2012; the EDF Energy Generation and Supply Group (EEGSG) plan, also affiliated ● to the ESPS, which was established in December 2010 for the employees remaining with EDF Energy following the transfer of the former Group plan to UK Power Networks as part of the sale of the Networks. The EEGSG plan has not accepted any new members since then;

the EDF Energy Pension Scheme (EEPS). This scheme was established ● in March 2004 and membership remains open to new employees. Each pension plan is financially independent of the others. The BEGG and EEGSG plans are part of the industry-wide ESPS which is one of the largest private-sector pension schemes in the United Kingdom. Other long-term benefit obligations These benefits concern employees currently in service, and are earned according to local regulations, particularly the statutory regulations for the electricity and gas sector for EDF and French subsidiaries covered by the IEG regime. They include: annuities following incapacity, invalidity, industrial accident or work-related ● illness; long-service awards; ● specific benefits for employees who have been in contact with asbestos. ●

16.1

Group provisions for employee benefits

31/12/2020

31/12/2019

(in millions of euros)

Provisions for employee benefits – current portion Provisions for employee benefits – non-current portion PROVISIONS FOR EMPLOYEE BENEFITS

879

945

22,130 23,009

20,539 21,484

382

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020