Siemens 2011 Annual Report Download - page 213

153 D. Consolidated Financial Statements
273 E. Additional information
143 C. Additional information for supplemental
financial measures
145 C. Siemens AG (Discussion on basis of
German Commercial Code)
151 C. Notes and forward-looking statements
140 C. Information required pursuant to Section  ()
and Section  () no.  of the German Commer-
cial Code (HGB) and explanatory report
142 C. Compensation report and Corporate Governance
statement pursuant to Section a of the German
Commercial Code (HGB)

In this respect, Siemens transferred pension liabilities and
plan assets of its major pension plan in the Netherlands to the
industry pension fund PME in fiscal . The PME is account-
ed for as a defined contribution plan with a resulting decrease
in DBO and plan assets. We expect to continue to review the
need for the implementation of similar plan designs and the
options to change the existing funding vehicles in the coming
years to better control future benefit obligations and related
costs.
Funded status of Siemens’ pension plans (in billions of €)
September 30, 2011 1 (6.2)
September 30, 2010 2 (7.4)
1 Does not include amounts for OSRAM and Siemens IT Solutions and Services, as a
result of their reclassification as discontinued operations and the subsequent sale
of Siemens IT Solutions and Services.
2 Includes amounts for OSRAM und Siemens IT Solutions and Services.
The combined funded status of Siemens’ predominantly un-
funded other post-employment benefit plans amounted to an
underfunding of €. billion, both as of September , 
and .
For more information on Siemens’ pension plans, see D.
Notes to Consolidated Financial Statements.