INDICATOR: 201-3
Coverage of the organization’s defined benefit plan obligations.
The Group does not use a defined benefit plan but a defined contribution plan. The company’s obligations are covered by the company’s general resources. For total expenses see indicator 201-1. Employees’ retirement costs are borne exclusively by their insurance funds, as appropriate.
In the supplementary pension and life and health programs, employees are included according to the table below
| Company | Company’s pension plan | Company’s medical insurance plan |
|---|---|---|
| HELPE | 98,74% | 100% |
| ΕΚΟ | 89,47% | 95,33% |
| DIAXON | 93,81% | 100% |
| ΑSPROFOS | 70,89% | 100% |
| HP CYPRUS | 80,36% | 96,43% |
| OKTA | 0% | 0% |
| JUGOPETROL | 0% | 100% |
| EKO BULGARIA | 0% | 100% |
| EKO SERBIA | 0% | 100% |
| HELPE E&P HOLDINGS SA | 56,52% | 26,09% |
Indicative examples of employer and employee participation:
For 2018 the following were applied
HELPE
| “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES | |
| EMPLOYER | 5% | 6.5% |
|---|---|---|
| EMPLOYEE | 0.5% – 15% | 1.5% – 15% |
EKO
| “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES | |
| EMPLOYER | 1% (since 01/05/2018) | |
|---|---|---|
| EMPLOYEE | 0.5% – 15% | |
DIAXON
- Employer participation rate:
-For employees insured up to 31/12/1992 (old) 6.5%
-For employees insured after 1/1/1993 (new) 3.5% since 01.01.2018
-In addition, for shift workers, an employer’s shift payment is paid at 3.5% (since 01.01.2018) on the shift rate (24.5%) - Employee participation percentage:
-Employee participation rates vary as follows:
-For employees insured up to 31/12/1992 (old) the rate is from 1.5% to 15%.
-For employees insured after 1/1/1993 (new) the rate is from 0.5% to 15%.
ASPROFOS
1.5% employer & 2-6% employees. An employee has the ability to unilaterally increase the percentage to the limit, i.e. 6%. (Min: 2%, Max: 6%)
ΗΡ Cyprus
Participation 100% which for 2018 includes:
-Employer: Define Benefit Plan 23.6% and Define Contribution 5%,
-Employee: Define Contributions 5% -15%.
-For newly insured employees from 2015, the Employer pays 8% for the Define Contribution while Employees pay 5-15%.
JUGOPETROL
15% employee/ 5.5% employer contribution. Retirement contributions are legal obligations, set up by State laws and regulations.
ΕΚΟ Serbia
The contributions to pension & health are in accordance with the law which defines them as 14% of gross earnings.