The ECB 's retirement plan The ECB operates a defined contribution pension scheme .

THE ECB' S RETIREMENT PLAN The ECB operates a defined contribution pension scheme .

ECB Annual Report 2001

Liabilities to euro area residents denominated in foreign currency Domestic

On 5 May 2009 the Governing Council decided to amend the pension scheme applicable to the members of staff of the ECB .

Insurance corporations and pension funds Other liabilities Other participating Member States With agreed maturity Euro NonMFIs Insurance corporations and pension funds

Insurance corporations and pension funds Other liabilities Other participating Member States With agreed maturity Foreign currency NonMFIs Insurance corporations and pension funds

The pension cost relating to the plan is assessed in accordance with the advice of a qualified actuary .

197 The pension cost relating to the plan is assessed in accordance with the advice of a qualified actuary .

Insurance corporations and pension funds Other liabilities Other participating Member States Overnight Foreign currency NonMFIs Insurance corporations and pension funds

The assets of the plan , which exist solely for the purpose of providing benefits for members of the plan and their dependants , are included in the other assets of the ECB and are identified separately .

Definitions and coverage of central government ( close substitutes for ) deposit liabilities within the reporting scheme For the purposes of this reporting scheme , central government deposit liabilities are allocated within the following categories .

Staff pension committees

underpinning benefits .

Changes in the pension adjustment system of the United Nations Joint Staff Pension Fund

Private banks, insurance companies, pension funds, and so on have limited appetite for building up liquid dollar claims on foreigners when their own liabilities deposits, insurance claims, and pension obligations are denominated in renminbi.

Intra Eurosystem liabilities other liabilities within the Eurosystem

These assets comprised the following main items on 31 December 2001 Net book value as at 31 Dec. 2001 Euros Land and buildings Computers Equipment , furniture , plant in building and motor vehicles Assets under construction Other fixed assets Total 39,288,068 28,703,744 Net book value as at 31 Dec. 2000 Euros 1,305,097 21,042,849 reinvested in the funds concerned , pending payment of benefits .

Valuation gains and losses arising on the assets of the pension fund are recognised as income and expenditure of the retirement plan in the year in which they arise .

The assets of the plan are not fungible with other financial assets of the ECB , and net income thereon does not constitute income of the ECB , but is reinvested in the funds concerned , pending payment of benefits .

The cost of pension reforms should be measured on the basis of the pension scheme accounts .

Changes to the pension adjustment system of the United Nations Joint Staff Pension Fund

The ECB 's pension fund represents the assets invested on behalf of the ECB and its staff in the ECB 's retirement plan . This fund is kept separately from all of the ECB 's other assets and shall be used solely to provide the benefits and to pay the expenses of the retirement plan .

Debt currency and deposits ( liabilities ) Debt short term securities ( liabilities ) Debt long term securities ( liabilities ) Debt loans from central bank ( liabilities ) Debt other loans ( liabilities )

the detailed analysis of the structure , activity , performance and competitiveness of pension funds , the development and distribution of total business , patterns of pension funds members , international activities , employment , investments and liabilities .

Pension expenditures account for over 16 of GDP, and transfers from the budget to the pension system are close to 10 of GDP.

Liabilities to other euro area residents denominated in euro other liabilities

Liabilities to other euro area residents denominated in euro other liabilities Domestic

Assets held by pension schemes in 2000 ( of GDP)

Liabilities to other euro area residents denominated in euro other liabilities 12 Other liabilities

Liabilities to other euro area residents denominated in euro other liabilities 12 Other liabilities Domestic

Liabilities to other euro area residents denominated in euro other liabilities Other participating Member States Other liabilities Other participating Member States

Liabilities to euro area residents denominated in foreign currency 12 Other liabilities

Liabilities to euro area residents denominated in foreign currency Domestic

Reversal of the decisions to seize citizens' pension funds.

Liabilities to euro area residents denominated in foreign currency

II ( 2 ) Provision for pensions and similar obligations This item comprises the accumulated contributions of the EMI towards the staff pension scheme . These contributions are required to cover the eventual cost of severance grants and any ill health pensions .

Schedule name

Liabilities of the money issuing sector and central government liabilities with a monetary character held by the money holding sector .

3. Further decides to amend article 1 of the Pension Scheme Regulations for the judges of the International Criminal Tribunal for Rwanda and to replace that article with the provisions set out in annex III to the present resolution.

Liabilities to euro area residents denominated in foreign currency 12 Other liabilities

Liabilities to euro area residents denominated in foreign currency Other participating Member States Other liabilities Other participating Member States

Other residents Non financial corporations

Insurance corporations and pension funds Insurance corporations and pension funds

corporations and pension funds Insur . corporations and pension funds