NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Parent company financial statements and notes

HEADCOUNT AND EMPLOYEE BENEFITS

NOTE 17

Change in headcount

31/12/2018

31/12/2017

Technical staff

2,123 5,339 7,462

2,264 5,249 7,513

Managers

Number of employees

Post-employment benefits and other long-term employee benefits MAIN ACTUARIAL ASSUMPTIONS R

2018

2017

Post-employment defined-benefit plan

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Supplemen- tary pension benefits and other

Supplemen- tary pension benefits and other

End-of-career awards

Long-service awards

End-of-career awards

Long-service awards

Other

By type of obligation

Other

Discount rate

1.56% 1.35% 1.05% 1.65% 1.32% 1.05% 0.80% 1.08%

Expected return on plan assets

1.56% 3.03% 0.50%

1.32% 1.05% 0.80%

Future salary increases are estimated by grade based on a constant population and a three-year average. At December 31, 2018, this average (including inflation) was 2.28%, the same as at December 31, 2017.

The remaining average working lives of employees, for all benefits, is 12.0 years versus 12.8 years at December 31, 2017.

EMPLOYEE BENEFITS, PLAN ASSETS AND SEPARATE ASSET OBLIGATIONS R

31/12/2018

31/12/2017

(in millions of euros)

Gross benefit obligation Fair value of plan assets Fair value of separate assets

483

511

(121) (173)

(113) (197)

Net obligation

189

201

428

Natixis Registration Document 2018