NATIXIS // 2021 Universal Registration Document

6 INDIVIDUAL FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Individual financial statements and notes

Workforce and social liabilities Note 18

(excluding Loyalty and Performance plans)

Changes in headcount

31/12/2020

31/12/2021

2,640 4,802 7,442

2,428 5,076 7,504

Technical staff

Managers

NUMBER OF EMPLOYEES

Post-employment benefits and other long-term benefits Main actuarial assumptions

2021

2020

Post-employment defined-benefit plans

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Supple mentary pension benefits and other

Supple mentary pension benefits and other

End-of

End-of

career awards

Long-service awards

Other benefits

career awards

Long-service awards

Other benefits

By type of obligation

0.86%

0.75%

0.55%

0.70%

0.38%

0.25%

0.05% (0.10)%

Discount rate

Expected return on plan assets

0.86%

2.86%

0.00%

0.78%

2.90%

0.50%

Salary increase rates are calculatedd by grade based on a constant population and a three-year average. At December 31, 2021, this average (gross of inflation) was 2.68%, compared with 2.28% as at December 31, 2020.

The remaining average working lives of employees, for all plans, was 11.5 years versus 12.0 years as at December 31, 2020.

Employee benefits, plan assets and separate asset obligations

(in millions of euros)

31/12/2020

31/12/2021

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

552

511

(245)

(230)

(64) 243

(62) 219

NET OBLIGATION

440

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021