Siemens 2010 Annual Report Download - page 106

6 To our shareholders 21 Corporate Governance
23 Corporate Governance report
29 Corporate Governance statement pursuant to §a
of the German commercial code (HGB) (part of the
Combined management’s discussion and analysis)
30 Compliance report
34 Compensation report (part of Notes to
Consolidated Financial Statements)

Pension benefit commitments. The amount of the contribu-
tions to the Siemens Defined Contribution Benefit Plan (BSAV)
is determined annually by the Supervisory Board. The contri-
butions under the BSAV are added to the personal pension ac-
count each January following the close of the fiscal year, with
value date on January . Until the beneficiary‘s time of retire-
ment, the pension account is credited with an annual interest
payment (guaranteed interest) on January  of each year.
For fiscal , the members of the Managing Board were
granted contributions under the BSAV totaling €. million
(: €. million), based on a resolution of the Supervisory
Board dated November , . Of this amount, €. million
(: €. million) related to funding of pension commit-
ments earned prior to transfer to the BSAV and the remaining
€. million (: €. million) to contributions granted un-
der the BSAV.
The following table shows, among other things, individualized
details of the contributions (additions) under the BSAV attrib-
utable to the members of the Managing Board for fiscal .
Defined Contribution Benefit Plan (BSAV)
Balance of BSAV account
at September ,
Total contributions
for fiscal
Of which, funding of pension
commitments earned prior to
transfer to BSAV
Of which, contributions
to BSAV account
(Amounts in €)          
Managing Board members
serving as of
September , 
Peter Löscher 11,444,745 10,097,550 1,120,000 1,120,000 – – 1,120,000 1,120,000
Wolfgang Dehen 1,188,777 768,349 436,800 436,800 33,660 33,660 403,140 403,140
Brigitte Ederer  – – 109,200 – – – 109,200 –
Dr. Heinrich Hiesinger  1,507,773 1,078,039 436,800 436,800 31,322 31,322 405,478 405,478
Joe Kaeser 1,848,093 1,403,805 436,800 436,800 24,097 24,097 412,703 412,703
Barbara Kux  740,400 5 – 436,800 740,400 5 – – 436,800 740,400 5
Prof. Dr. Hermann Requardt 1,785,597 1,346,321 436,800 436,800 27,816 27,816 408,984 408,984
Prof. Dr. Siegfried Russwurm 1,066,482 628,295 436,800 436,800 12,750 12,750 424,050 424,050
Peter Y. Solmssen 11,638,083 10,954,800 436,800 436,800 – – 436,800 436,800
Former member
of the Managing Board
Jim Reid-Anderson  ––––––––
Total 31,219,950 26,277,159 4,286,800 4,481,200 129,645 129,645 4,157,155 4,351,555
1 In each case, including the additions in January 2010, but without reflecting minimum interest of currently 2.25% accrued in the meantime.
2 Brigitte Ederer was elected a full member of the Managing Board effective July 1, 2010.
3 Dr. Heinrich Hiesinger resigned from the Managing Board effective at the end of the day on September 30, 2010.
4 Barbara Kux was elected a full member of the Managing Board effective November 17, 2008.
5 Including the special addition of €340,000 as of January 2010, approved in fiscal 2009.
6 Jim Reid-Anderson was elected a full member of the Managing Board effective May 1, 2008, and resigned from the Board effective November 30, 2008.
The defined benefit obligation (DBO) of all pension commit-
ments to members of the Managing Board as of September ,
, amounted to €. million (: €. million). This
amount is included in Note  of the “Notes to Consolidated
Financial Statements.“
Former members of the Managing Board and their surviving
dependents received emoluments within the meaning of §
(), No.  b of the HGB totaling €. million (: €. mil-
lion) for the year ended September , , and , stock
awards with a total fair value of €. million.
The defined benefit obligation (DBO) of all pension commit-
ments to former members of the Managing Board and their
surviving dependents, amounted to €. million (:
€. million) as of September , . This amount is in-
cluded in Note  of the “Notes to Consolidated Financial State-
ments.“
Other. No loans from the Company are provided to members
of the Managing Board.