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20.2 Notes to the consolidated financial statements for the year ended December 31, 2016
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
ACTUARIAL ASSUMPTIONS
The following information concerns the plans valued by the group’s actuaries for the continuing operations and operations held for sale.
2016
2015
Long-term inflation
1
Eurozone
1.5%
1.6%
Discount rate
1
Eurozone
1.5%
2.15%
1
Dollar zone
4.0%
4.0%
Pension benefit increases
1
Eurozone
1.5%
1.6%
1
Dollar zone
NA
NA
Social security ceiling increase (net of inflation)
+0.5%
+0.5%
p
Mortality tables
2016
2015
France
1
Annuity
Mortality tables
Mortality tables
1
Lump sum payment
INSEE 2000-2002 Men/Women
INSEE 2000-2002 Men/Women
Germany
RT2005G
RT2005G
United States
adjRP2014RN & MP2016
adjRP2014RN & MP2015
p
Retirement age in France
2016
2015
Management personnel
65
65
Non-management personnel
62
62
p
Average attrition is assumed to occur among employees in each company at a declining rate reflecting age brackets. The rates between brackets indicate [average
turnover at career start - average turnover at career end].
Management personnel
Non-management personnel
2016
2015
2016
2015
France
[1.6% -0%]
[1.6% -0%]
[0.7% -0%]
[0.7% -0%]
Germany
[7% -0%]
[7% -0%]
[7% -0%]
[7% -0%]
United States
6%
6%
6%
6%
p
Assumed rates of average salary increases, including inflation. The rates between brackets indicate [average increases at career start - average increases at career end].
Management personnel
Non-management personnel
2016
2015
2016
2015
France
[2.6%; -1.1%]
[2.6%; -1.1%]
[2.6%; -1.1%]
[2.6%; -1.1%]
Germany
3%
3%
3%
3%
United States
3.75%
3.75%
3.75%
3.75%
2016 AREVA
REFERENCE DOCUMENT
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