Impact on the defined benefit obligation Change in assumption Increase in assumption Decrease in assumption Discount rate
0.50%
Decrease by 6.0%
CHF 17,254k
Increase by 6.7%
CHF 19,267k
Interest rate credited to account balances
0.50%
Increase by 1.5%
CHF 4,314k
Decrease by 1.5%
CHF 4,314k
Change life expectancy at retirement age
1 year
Increase by 2.1%
CHF 6,039k
Decrease by 2.2%
CHF 5,327k
The sensitivity of the Retirees’ health insurance related defined benefit obligation to changes in the significant actuarial
assumptions is:
Impact on the defined benefit obligation Change in assumption Increase in assumption Decrease in assumption Discount rate
0.50%
Decrease by 6.0%
CHF 455k
Increase by 6.7%
CHF 508k
Life expectancy at retirement age
1 year
Increase by 4.2%
CHF 318k
Decrease by 4.3%
CHF 326k
INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page 47
Public
4.5 Post-employment defined benefit liability, net (continued) The sensitivity of the non-Swiss post-employment benefits to changes in significant actuarial assumptions is:
Impact on the defined benefit obligation Change in assumption Increase in assumption Decrease in assumption Discount rate
0.50%
Decrease by 2.5%
CHF 71k
Increase by 2.7%
CHF 75k
Salary increase rate
0.50%
Increase by 2.7%
CHF 76k
Decrease by 2.4%
CHF 69k
The above sensitivity analyses for both the Pension Fund, the Retirees’ health insurance scheme and the non-Swiss post-
employment benefit obligations are based on a change in one assumption whilst, in each case, holding all other assumptions
constant. In practice, this is unlikely to occur as changes in some of the assumptions may be correlated.
When calculating the sensitivity of the defined benefit obligation to significant assumptions, the same method has been
applied as when calculating the post-employment benefit liabilities recognised in the Consolidated Statement of Financial
Position.
