H
125
23 Pensions and other post-employment benefits (continued)
Ahold at a glance
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
Notes to the consolidated
financial statements
Assumptions regarding longevity are based on published statistics and mortality tables. These assumptions translate into an average life expectancy in years for a pensioner retiring at age 65:
The Netherlands
United States
Years
2013
2012
2013
2012
Longevity at age 65 for current pensioners
Male
21.9 21.9
19.3
19.2
Female
23.7 23.7
21.1
21.0
Longevity at age 65 for current members aged 50
Male
23.2 23.2
20.2
20.2
Female
24.5 24.5
21.6
21.6
The following table summarizes how the effect on the defined benefit obligations at the end of the reporting period would have increased (decreased) as a
change in the respective assumptions.
result of a 0.5 percentage-point
million
The Netherlands
United States
Total
Discount rate
0.5 percentage-point increase
(339)
(59)
(398)
0.5 percentage-point decrease
396
65
461
Future salary increases
0.5 percentage-point increase
46
7
53
0.5 percentage-point decrease
(43)
(7)
(50)
Future pension increases
0.5 percentage-point increase
335
N/A
335
0.5 percentage-point decrease
(294)
N/A
(294)
Life expectancy
1 year increase at age 65
135
30
165
The above sensitivity analyses have been based on a change in the assumption while holding all other assumptions constant. In reality one might expect interrelationships between the
assumptions, especially between discount rate and future salary increases as both depend to a certain extent on expected inflation rates. The methods and types of assumptions used in
preparing the sensitivity analyses did not change compared to the previous period.