221 348
221
The actuarial assumptions used to value medical benefit plans are as follows:
The following table presents a sensitivity analysis of the
effects of an increase/decrease in the most significant
actuarial assumptions used to determine the present value of
benefit obligations, such as the interest rate, inflation rate/
growth in medical care costs and life expectancy.
decrease - 0.50%
increase + 0.50%
decrease - 0.50%
increase + 0.50%
Interest rate
+9.17%
-8.14%
+7.40%
-6.62%
decrease - 0.26%
increase + 0.26%
decrease - 0.25%
increase + 0.25%
Inflation rate
-4.38%
+4.81%
-3.22%
+3.54%
31 December 2014
31 December 2013
1-year increase in life expectancy
+3.83%
+4.27%
31 December 2014
31 December 2013
Interest rate
4.43%
5.63%
Expected future salary increase
2.85%
3.00%
Increase in claims
5.33%
5.42%
Life expectancy at age 65:
Male Female
Male Female
People currently aged 65
22.61
24.43
19.16
21.17
People currently aged 50
23.79 25.59
19.37
21.29
31 December 2014
31 December 2013