Siemens 2012 Annual Report Download - page 128

1 A. To our Shareholders 21 B. Corporate Governance
22 B. Corporate Governance Report
28 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(part of the Combined Management Report)
29 B. Compliance Report
31 B. Compensation Report
(part of the Combined Management Report)
44 B. Takeover-relevant information (pursuant to
Sections  para.  and  para.  of the
German Commercial Code) and explanatory report
(part of the Combined Management Report)

Pension benefit commitments
For fiscal , the members of the Managing Board were
granted contributions under the BSAV totaling €. million
(: €. million), based on the resolution of the Superviso-
ry Board dated November , . Of this amount, €. mil-
lion (: €. million) related to funding of pension commit-
ments earned prior to transfer to the BSAV and the remaining
€. million (: €. million) to contributions to their per-
sonal pension accounts.
The contributions under the BSAV are added to the personal
pension accounts each January following the close of the fis-
cal year, with value date on January . Until the beneficiary ‘s
time of retirement, the pension account is credited with an
annual interest payment (guaranteed interest), currently .%,
on
January  of each year.
The following table shows individualized details of the contri-
butions (additions) under the BSAV for fiscal  as well as
the defined benefit obligations for the pension commitments:
Total contributions
 for Defined benefit obligation  for all pension
commitments excluding deferred compensation

(Amounts in €) FY  FY  FY  FY 
Managing Board members
serving as of September , 
Peter Löscher 1,120,000 1,120,000 14,717,395213,047,0842
Dr. Roland Busch  504,000 252,000 1,446,910 833,494
Brigitte Ederer 504,000 504,000 1,102,958 606,730
Klaus Helmrich  504,000 252,000 1,723,759 1,098,440
Joe Kaeser 504,000 504,000 4,388,859 3,351,837
Barbara Kux 504,000 504,000 2,201,96321,651,8732
Prof. Dr. Hermann Requardt 504,000 504,000 4,433,581 3,498,238
Prof. Dr. Siegfried Russwurm 504,000 504,000 2,893,761 2,204,829
Peter Y. Solmssen 504,000 504,000 14,862,470213,689,0502
Dr. Michael Süß  504,000 252,000 1,789,619 1,253,272
Former members of the Managing Board
Wolfgang Dehen
–252,000 2,374,826 2,166,086
Total 5,656,000 5,152,000 51,936,101 43,400,933
1 The expenses (service costs) recognized in accordance with IFRS in fiscal  for Man-
aging Board members’ entitlements under the BSAV in fiscal  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 €, (:
€,) and Dr. Michael Süß €, (: €,), in addition to € (:
€,) for former Managing Board member Wolfgang Dehen.
2 The defined benefit obligations reflect one-time special contributions of €,, for
new appointments from outside the Company, including €,, for Peter Löscher,
€,, for Peter Y. Solmssen and €, for Barbara Kux. The defined benefit
obligations under all pension commitments, including deferred compensation, to
Managing Board members serving as of September ,  came to €. million,
in addition to €. million for former Managing Board member Wolfgang Dehen.
3 Deferred compensation totals €,, (: €,,), including €,
for Klaus Helmrich (: €,), €,, for Joe Kaeser (: €,,),
€,, for Barbara Kux (: €,,) and €,, for Prof. Dr. Hermann
Requardt (: €,,).
4 Dr. Roland Busch, Klaus Helmrich and Dr. Michael Süß were elected full members
of the Managing Board effective April , .
5 Wolfgang Dehen resigned from the Managing Board effective March , .
Due to rounding, numbers presented may not add up precisely to totals provided.