Investor Presentaiton
corporate social responsibility
214
Λ
SBERBANK
170 YEARS. BY YOUR SIDE
ANNUAL REPORT
INVESTING IN HUMAN CAPITAL
2011
Participants
Conditions
Number of
participants
The programme defines universal principles for pension contribu-
tions and the conditions under which corporate pensions are paid.
It applies to employees with at least three years of service with the
Bank (pension contributions for them are put aside on an annual
basis). After seven years of service with the Bank, the funds saved
are transferred to the employee's personal pension account in Sber-
bank's pension fund. The main corporate pension scheme is avail-
able to employees with more than five years to go before they reach
pension age. Employees less than five years away from pension age
are covered by a "set benefit" pension scheme, under which they will
receive a corporate pension in the amount of 2.5-5% of their base
salary in addition to their state pension.
The programme is being jointly implemented with the Sberbank Non-
State Pension Fund, which was established in 1995. The fund is one of
the top ten pension funds in the Russian Federation; it has the high-
est reliability rating (A++) from the Expert RA rating agency and the
maximum reliability rating (AAA) from the National Rating Agency.
CORPORATE PENSION PROGRAMME
Set benefit pension plan*
All Bank employees (including retirees)
receiving a pension and employees with five
years or less to go before pension age (as of
the beginning of 2011)
The size of benefits depends on the
employee's length of service with the Bank at
the moment of retirement
As of the end of 2011: 93,058
As of the end of 2010: 296,315
Pension
liabilities
In 2011: RUB 4,650 million
In 2010: RUB 7,842 million
Pension
expenditures
In 2011: RUB 685 million***
In 2010: RUB 1,898 million ***
Set contribution pension plan**
All employees with three years of continuous
service with the Bank, except for members of
the Management Board and employees with
five years or less to go before pension age or
those already eligible to receive a pension
Personal pension plans are made available
to employees after seven year of continuous
service with the Bank; pension contributions
are defined as a percentage of base salary
As of the end of 2011: 169,982 **
Award
Golden Badge
Silver Badge
CORPORATE AWARDS GRANTED IN 2011
Medal for Faithful Service
Medal for Merit
Certificate of Merit
Sberbank Excellence Badge
Letter of appreciation
Best in Profession
Number of awards
granted
5
28
114
106
579
1,137
493
The annual Best in Profession competition has become a corporate tradition; in 2011
it was conducted for the third time.
The competition is intended to motivate employees to improve their professional skills
and knowledge and to foster creativity. It also provides an opportunity for the best
employees to share their work methods.
The competition is held across a number of categories (nine in 2011) and includes two
stages at regional and national levels. The regional stage identifies the best special-
ists at regional banks, while the national stage recognises the Bank's Best Specialists.
-
In 2011, winners and runners-up in the nationwide contest represented 12 regional
banks. This demonstrates the geographical breadth of the contest and the widespread
interest among employees in participating in development processes.
Competition winners and runners-up receive awards from Sberbank's CEO in a special
ceremony.
The winners are provided plentiful opportunities for creative development and career
growth.
Sberbank has a long tradition of holding professional competitions
and granting awards to its best employees. In 2011, Sberbank in-
troduced three new corporate awards in addition to existing ones:
the Medal for Merit, the Sberbank Excellence Badge and the letter
of appreciation.
*
There are 18 separate set benefit pension programmes for
each regional bank and the Central Head Office
** Introduced in 2011
*** Included in staff costs within operating expenses
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
215
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