The North / South Language Body Annual Report & Accounts 2009

d. History of defined benefit obligations2009 2009 2009 2009£’000’s € £’000’s €Defined benefit obligations 939,000 1,057,314 625,000 656,188Experience (gains)/ losses on Scheme Liabilities Amount 9,000 10,134 (42,000) (44,096)Percentage Of Scheme Liabilities 0.96% 6.72%The cumulative actuarial loss recognised in the Statement of Total Recognised Gains and Losses amounts to £242,000 (€272,000).e. General Description of the SchemeThe pension scheme is a defined benefit final salary pension arrangement with benefits and contributions defined by reference tocurrent model public sector scheme regulations. The scheme provides a pension (eightieths per year of service), a gratuity or lumpsum (three eightieths per year of service) and spouse’s and children’s pensions. Normal retirement age is a member’s 65 th birthday,and pre 2004 members have and entitlement to retire without actuarial reduction from age 60. Pensions in payment (and deferment)generally increase in line with general public sector salary inflation.The valuation used for FRS17 (revised) disclosures has been based on a full actuarial valuation February 2010 by a qualifiedactuary taking account of the requirements of the FRS in order to assess the scheme liabilities at 31 December 2009.The Principal actuarial assumptions were as follows:2009 2008Rate of expected Salary Increase 4% 4%Rate of Increase in Pension PaymentRate of increase in Pension Payment NI 3.70% 2.90%Republic Of Ireland – In line with salary Inc 4.00% 4.00%Republic Of Ireland – In line with CPI 2.50% 2.50%Discount RateNorthern Ireland 5.70% 6.40%Republic Of Ireland 5.10% 6.40%InflationNorthern Ireland 3.70% 2.90%Republic Of Ireland 2.50% 2.50%The mortality basis adopted allows for improvement in life expectancy over time, so that life expectancy at retirement will dependon the year in which a member attains retirement age (age 65). The table below shows the life expectancy for members attainingage 65 in 2009.Year of Attaining age 65 2009 2008Life expectancy - Male 86.2 86.2Life expectancy - Female 88.8 88.8f. Revised FRS17 DisclosuresThe information on pensions has been prepared in line with the new disclosure requirements required from 2008 underamendments to TRS1753