9 Post-employment benefits
The Foundation Board of comPlan approved various changes to the pension plan in the second quarter of 2021. The main changes include a reduction in conversion rates, compensatory measures to cushion pension cuts and a reduction in entitlements for current spouse’s and partner’s pensions. The various measures resulted in a gain of CHF 60 million, which was recognised as a reduction of pension costs in the second quarter of 2021. This was based on a remeasurement of the net defined benefit obligation using the current fair values of plan assets at the inception of the plan amendment and current actuarial assumptions, taking into account the risk-sharing characteristics.