INDICATOR: 201-3
Defined benefit plan obligations and other retirement plans
The Group does not apply a defined benefit plan but a defined contribution plan for its employees’ pension plan. The related company obligations are covered by the company’s general resources. For the total cost see disclosure 201-1.
The pension costs of employees are borne solely by their respective insurance funds.
Employees participate in the additional Pension and Life and Health plans according to the following percentages in the table below:
| Company | Company Pension Plan |
Company Insurance Plan (medical & hospitalization) |
| HELLENIC PETROLEUM RSSOPP1 | 93.16% | 99.91% |
| HELLENiQ ENERGY | 93.33% | 96.67% |
| EKO2 | 90.74% | 98.56% |
| DIAXON | 83.90% | 100% |
| ΑSPROFOS | 84.85% | 100% |
| EKO CYPRUS | 87.34% | 81.01% |
| OKTA | 0% | 0% |
| JUGOPETROL | 80.61% | 100% |
| EKO BULGARIA | 100% | 100% |
| EKO SERBIA | 0% | 100% |
| HELLENiQ UPSTREAM | 76.19% | 100% |
| HELLENiQ ENERGY CONSULTING | 67.27% | 100% |
| HELLENiQ RENEWABLES3 | 47.06% | 94.12% |
| ELPEFUTURE | 20% | 100% |
| HELLENiQ ENERGY DIGITAL | 64.71% | 100% |
1The employees of VARDAX S.A. are counted.
2The employees of KALYPSO KEA S.A. and ELPET BALKANIKI are counted.
3The employees of HELLENiQ RENEWABLES WIND FARMS OF EVIA S.A., WIND FARMS SAGIAS S.A. and HELLENiQ RENEWABLES WIND FARMS OF MANI S.A. are counted.
Indicative examples of employer and employee participation in the pension plan:
HELLENiQ ENERGY, HELLENIC PETROLEUM RSSOPP & EKO
For the year 2023, the following were applied:
| HELLENiQ ENERGY* | “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES |
|---|---|---|
| CONTRACTOR | 6.5% | 6.5% |
| EMPLOYEE | 0.5% – 15% | 1.5% – 15% |
*Also applies to subsidiaries: HELLENIC PETROLEUM RSSOPP, HELLENiQ UPSTREAM, HELLENiQ RENEWABLES, ELPEFUTURE, HELLENiQ ENERGY CONSULTING and HELLENiQ ENERGY DIGITAL.
| EKO | “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES |
|---|---|---|
| CONTRACTOR | 2.5% (ESSE) & 6.5% (Diversity level) | |
| EMPLOYEE | 0.5 – 15% | 1.5% – 15% |
DIAXON
- Employer participation percentage:
For employees insured up to 31/12/1992 (old): 6.5%.
For employees insured after 1/1/1993 (new) 5% from 01.01.2019 - Employee participation percentage:
Employee participation percentage varies as follows:
For employees insured up to 31/12/1992 (old): 1.5% to 15%.
For employees insured after 1/1/1993 (new), from 0.5% to 15%.
ASPROFOS
3% employer & 2-25% employees. The employee may unilaterally change his/her percentage up to the 25% limit (min 2% – max 25%)
EKO CYPRUS
100% participation. The 2020 scheme for former employees provides for: the employer Define Benefit Plan 23.6% and Define Contribution 5%, the employee Define Contributions 5%-15%.
For new members from 2015 onwards, the employer Define Contribution 9.5% & the employee Define Contribution 5%-15% are provided for the employer Define Contribution 9.5% & the employee Define Contribution 5%-15%.
JUGOPETROL
15% employee / 5.5% employer. Pension contributions are mandatory and set by law and regulations.
EKO SERBIA
Employees’ compulsory pension and health contributions are set by law. In addition, as part of the benefits, the Company provides private health insurance to its employees, with zero cost of participation on the part of the employees.
OKTA
Compulsory pension and health contributions are set by law.