Siemens 2011 Annual Report Download - page 144

6 A. To our shareholders 23 B. Corporate Governance
25 B. Corporate Governance report
31 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(HGB) (part of the combined management’s
discussion and analysis)
33 B. Compliance report
36 B. Compensation report
(part of Notes to
Consolidated Financial Statements)

Pension benefit commitments
The amount of the contributions to the BSAV is determined
annually by the Supervisory Board. The contributions under
the BSAV are added to the personal pension account each Jan-
uary following the close of the fiscal year, with value date on
January . Until the beneficiary‘s time of retirement, the pen-
sion 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) relates 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, individual-
ized details of the contributions (additions) under the BSAV
attributable to the members of the Managing Board for fiscal
.
The defined benefit obligation (DBO) of all pension commit-
ments to members of the Managing Board as of September
, , amounted to €. million (: €. million),
which amount is included in
Note 24 of the Notes to Consoli-
dated Financial Statements.
Former members of the Managing Board and their surviving
dependents received emoluments within the meaning of Sec-
tion  (), No.  b of the HGB totaling €. million (:
€. million) in fiscal , but no Stock Awards (: ,
Stock Awards with a total fair value of €. million).
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 12,822,252 11,444,745 1,120,000 1,120,000 ––1,120,000 1,120,000
Dr. Roland Busch  361,138 246,908 252,000 –6,162 –245,838 –
Brigitte Ederer  109,200 –504,000 109,200 ––504,000 109,200
Klaus Helmrich  542,875 379,120 252,000 –4,887 –247,113 –
Joe Kaeser 2,302,379 1,848,093 504,000 436,800 24,097 24,097 479,903 412,703
Barbara Kux 1,193,859 740,400 504,000 436,800 ––504,000 436,800
Prof. Dr. Hermann Requardt 2,234,757 1,785,597 504,000 436,800 27,816 27,816 476,184 408,984
Prof. Dr. Siegfried Russwurm 1,514,528 1,066,482 504,000 436,800 12,750 12,750 491,250 424,050
Peter Y. Solmssen 12,336,740 11,638,083 504,000 436,800 ––504,000 436,800
Dr. Michael Süß  885,986 631,771 252,000 –––252,000 –
Former members
of the Managing Board
Wolfgang Dehen 1,618,665 1,188,777 252,000 436,800 16,830 33,660 235,170 403,140
Dr. Heinrich Hiesinger 1,947,176 1,507,773 –436,800 –31,322 –405,478
Total 37,869,555 32,477,749 5,152,000 4,286,800 92,542 129,645 5,059,458 4,157,155
1 The expenses recognized in accordance with IFRS in fiscal  for fiscal  entitlements of members of the Managing Board under the Siemens Defined Contribution Benefit Plan
(BSAV) came to €,, (: €,,). The following amounts pertained to the members of the Managing Board in fiscal : Peter Löscher €,, (: €,,),
Dr. Roland Busch €, (: €), Brigitte Ederer €, (: €), Klaus Helmrich €, (: €), Joe Kaeser €, (: €,), Barbara Kux €, (:
€,), Prof. Dr. Hermann Requardt €, (: €,), Prof. Dr. Siegfried Russwurm €, (: €,), Peter Y. Solmssen €,, (: €,,),
Dr. Michael Süß €, (: €), Wolfgang Dehen €, (: €,), and Dr. Heinrich Hiesinger € (: €,).
2 In each case, including the additions in January , but without reflecting minimum interest of currently .% accrued in the meantime.
3 Dr. Roland Busch, Klaus Helmrich and Dr. Michael Süß were elected full members of the Managing Board effective April , .
4 Brigitte Ederer was elected a full member of the Managing Board effective July , .
5 Wolfgang Dehen resigned from the Managing Board effective March , .
6 Dr. Heinrich Hiesinger resigned from the Managing Board effective September , .