The North / South Language Body Annual Report & Accounts 2009

Increase in Pensionable SalaryIncrease in Pensions inPaymentNorthern Ireland:Republic of Ireland:In line with salary increases:In line with CPI:Increase in pensions indefermentNorthern Ireland:Republic of Ireland:4.00% - Fixed assumption3.70% - Increases in line with RPI4%2.50%3.70% - Increases in line with RPI2.50% - Increases in line with CPI15.3.2 Demographic assumptionsAssumptionMortalitySAPS tables based on each individual’s year of birth with an allowance for futureimprovements in longevity in line with the medium cohort with a 1% p/a underpin.Withdrawals from active Withdrawals did not occur.serviceEarly retirements Early retirements did not occur.Transfers outTransfers out did not occur.Marital statistics80% of pensioners are assumed to be currently married and 80% of non-pensionersare assumed to be married at retirement or earlier death.Wives are assumed to be 3 years younger than their husbands.15.4 Disclosure Figures15.4.1 Principal actuarial assumptions used for the calculations2009 2008 2007Discount rateNorthern Ireland: 5.70% 6.40% 5.80%Republic of Ireland: 5.10% 6.40% 5.70%Rate of increase in Retail Prices IndexNorthern Ireland: 3.70% 2.90% 3.30%Republic of Ireland: 2.50% 2.50% 2.50%Rate of increase in salaries 4.00% 4.00% 4.00%Average rate of increase in pensionsNorthern Ireland: 3.70% 2.90% 3.30%Republic of Ireland:In line with salary increases:In line with CPI:Average expected future life at age 65 for:Male currently aged 65Female currently aged 65Male currently aged 45Female currently aged 454.00%2.50%21.223.823.125.74.00%2.50%21.223.823.125.74.00%2.50%21.223.823.125.727