Annual Report - EDP

notes to the consolidated EDP and - Energias company de Portugal, financial S.A. statementsfor the Notes years to the ended Consolidated 31 december and Company 2012 Financial and Statements 2011for the years ended 31 December 2012 and 2011In 2012 and 2011, no contributions to the pension funds were made.In 2012, the pensions paid by the funds in Portugal totalled 58,960 thousands of Euros (31 December 2011: 57,060 thousands of Euros).Expected future benefits to bepaidSpain Other Benefits2013 10,4452014 11,1562015 11,3822016 7,1452017 5,8502018 5,3442019 4,8012020 4,2622021 3,7252022 3,192In 2012, the pensions paid by the Funds in Spain totalled 10,218 thousands of Euros (10,239 thousands of Euros in December 2011).The amount of 104,539 thousands of Euros relating to HC Energia Group, included in Provisions for social welfare and benefits, includes 64,996 thousands of Euros (31December 2011: 42,057 thousands of Euros) related with provisions for revision of the collective labour agreement. The provision includes 39,543 thousands of Euros(31 December 2011: 48,542 thousands of Euros) related with responsibilities with pre-retirement before 31 December 2007.Expected future benefits to be paidBrazil Pensions Medical Plans Other Benefits Total2013 15,361 6,524 640 22,5252014 16,579 7,174 49 23,8022015 17,718 7,864 71 25,6532016 19,025 8,578 205 27,8082017 20,845 9,294 101 30,2402018 22,413 10,085 185 32,6832019 23,964 10,887 65 34,9162020 25,577 11,694 117 37,3882021 27,280 12,707 71 40,0582022 28,818 13,714 85 42,617The contributions made to the Pension funds in 2012 amounted to 6,313 thousands of Euros (31 December 2011: 7,522 thousands of Euros) and were fully paid in cash.The pensions paid by the Funds in 2012 totalled 15,892 thousands of Euros (31 December 2011: 16,010 thousands of Euros).II. Defined contribution pension planSubsidiaries of EDP Group from Spain, Brazil and Portugal have defined contribution plans for their employees that complement those granted by the Social WelfareSystems, under which they pay annual contributions to these plans, calculated in accordance with the rules established in each case.III. Liability for Medical Care and Other Benefits Plans - Defined Benefit TypeThe Group companies in Portugal resulting from the spin-off of EDP in 1994 have a Medical Care Plan which is fully covered by a provision.Escelsa, Energest and Investco in Brazil also have Medical and other benefits plans for retired employees which are also fully covered by provisions.The actuarial assumptions used to calculate the liability for Medical Care Plans are as follows:Dec 2012Dec 2011Portugal Brazil Portugal BrazilAssumptionsDiscount rate 3.25% 9.3% 5.00% 10.25%Annual increase rate of medical service costs 3.5% 11.44% (b) 4.00% 11% (c)Estimated administrative expenses per beneficiary per year (Euros) 215€ / year not applicable 200€ / year not applicableBorn=1950 -- GenerationalTV99/01TV99/01Disability table 50%EKV 80 Wyatt 85 Class 1 50%EKV 80 Wyatt 85 Class 1Expected % of subscription of early retirement by employees eligible a) not applicable a) not applicable(a) 40% of the eligible population (employees entitled to early retirement, as stated in the Collective Labour Agreement: 36 years of service with at least 60 years ofage or 40 years of service at any age).(b) 11.44% in the first year, decreasing to 6% in 11 years.(c) 11% in the first year, decreasing to 6% in 11 years.230A World Full Of Energy