NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Parent company financial statements and notes

Headcount and employee benefits Note 18

Change in headcount

31/12/2018

31/12/2019

Technical staff

2,199 5,056 7,255

2,123 5,339 7,462

Managers

NUMBER OF EMPLOYEES

Post-employment benefits and other long-term employee benefits

Main actuarial assumptions

2019

2018

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- career awards

Long- service awards

End-of- career awards

Long- service awards

Other benefits

Other benefits

By type of obligation

Discount rate Expected return on plan assets

0.62%

0.45%

0.25%

0.33%

1.56%

1.35%

1.05%

1.65%

1.56%

2.96%

0.50%

1.56%

3.03%

0.50%

Future salary increases are estimated by grade based on a constant population and a three-year average. At December 31, 2019, this average (including inflation) was 2.28%, the same as at December 31, 2018.

The remaining average working lives of employees, for all benefits, is 12.2 years versus 12.0 years at December 31, 2018.

Employee benefits, plan assets and separate asset obligations

(in millions of euros)

31/12/2018

31/12/2019

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

492

483

(248)

(121) (173)

(60) 184

NET OBLIGATION

189

412

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019