4.4 Legal risk - Scor

17.4.2 DEFINED BENEFITS PENSION SCHEMES
The following table provides an overview of the primary defined benefits pension schemes in place in the Group.
Country
Scheme Identification
Number of
schemes
Benefit related description
France
"Indemnités de Départ à la
Retraite", "Congés Fin de
Carrière"
Supplemental Defined Benefit
Plan (1)
3
Pension defined according to conditions of seniority
in the company
Additional pension guaranteeing 20% to 50% of the
average last 5 years salaries according to seniority if
the beneficiary is at SCOR at retirement (closed
since 2008)
Switzerland
Pension Fund of SCOR
Switzerland
1
Annuity or lump sum benefit paid at normal
retirement age. The amount is equal to the accrued
savings and depends on the retirement date.
Germany Pension 6
United States Pension 6
Payment of the pension benefits is based on the
duration of affiliation to the Pension Scheme. The
pension schemes serve the purpose of supplying
benefits to the employees in their retirement and in
the event of occupational (Professional) disability, as
well as at ensuring provisions in case of an
employee’s death
The amount of annual benefit is paid at Normal
Retirement Date in monthly installments for life is
46% of Average Monthly Compensation, multiplied
by a fraction, not exceed 1 and based on seniority
upon retirement. The SCOR U.S. Group Pension
Plan was frozen on 10/01/2006
United
Kingdom
Pension 1
The pension is equal to 1/60th of Final Pensionable
Salary for each year of membership of the scheme
up to Normal Retirement Date
(1) This scheme regroups a limited number of beneficiaries (with an executive status). It was closed to new entrants as at 30 June 2008
Executive Committee members benefit from the collective pension schemes in place in their entity and do not have any
specific plan except for members with Swiss contracts who have been awarded a similar advantage than the one granted to
the other Executive Committee members hired before 30 June 2008.
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