CSL Ltd Annual Report 2021

Note 18: Detailed Information – People Costs 18 D uring the financial year ended 30 June 2021, the defined benefit pension plan operated by CSL Behring Innovation GmbH was transferred from CSL Behring GmbH. (a) Defined benefit plans The Group sponsors a range of defined benefit pension plans that provide either a lump sum or ongoing pension benefit for its worldwide employees upon retirement. Entities of the Group who operate defined benefit plans contribute to the respective plans in accordance with the Trust Deeds, following the receipt of actuarial advice. The surplus/deficit for each defined benefit plan operated by the Group is as follows: June 2021 US$m June 2020 US$m Pension Plan Plan Assets Accrued benefit Plan surplus/ (deficit) Plan Assets Accrued benefit Plan surplus/ (deficit) CSL Pension Plan (Australia) – provides a lump sum benefit upon exit 19.0 (18.6) 0.4 17.8 (18.6) (0.8) CSL Behring AG Pension Plan (Switzerland) – provides an ongoing pension 755.7 (760.1) (4.4) 649.7 (730.5) (80.8) CSL Behring Union Pension Plan (USA) – provides an ongoing pension 66.8 (63.3) 3.5 68.0 (66.6) 1.4 CSL Behring GmbH Supplementary Pension Plan (Germany) – provides an ongoing pension – (207.2) (207.2) – (226.9) (226.9) CSL Behring Innovation GmbH Supplementary Pension Plan (Germany) – provides an ongoing pension 18 – (34.1) (34.1) – – – bioCSL GmbH Pension Plan (Germany) – provides an ongoing pension – (3.2) (3.2) – (3.0) (3.0) CSL Behring KG Pension Plan (Germany) – provides an ongoing pension – (19.0) (19.0) – (17.7) (17.7) CSL Plasma GmbH Pension Plan (Germany) – provides an ongoing pension – (0.4) (0.4) – (0.3) (0.3) CSL Behring KK Retirement Allowance Plan (Japan) – provides a lump sum benefit upon exit – (15.3) (15.3) – (15.4) (15.4) CSL Behring S.A. Pension Plan (France) – provides a lump sum benefit upon exit – (1.9) (1.9) – (1.5) (1.5) CSL Behring S.p.A Pension Plan (Italy) – provides a lump sum benefit upon exit – (0.9) (0.9) – (1.1) (1.1) Total 841.5 (1,124.0) (282.5) 735.5 (1,081.6) (346.1) In addition to the plans listed above, CSL Behring GmbH, CSL Behring Innovation GmbH and Seqirus GmbH employees are members of multi-employer plans administered by an unrelated third party. CSL Behring GmbH, CSL Behring Innovation GmbH, Seqirus and their employees make contributions to the plans and receive pension entitlements on retirement. Participating employers may have to make additional contributions in the event that the plans have insufficient assets to meet their obligations. However, there is insufficient information available to determine this amount on an employer by employer basis. The contributions made by CSL Behring GmbH, CSL Behring Innovation GmbH and Seqirus GmbH are determined by the Plan Actuary and are designed to be sufficient to meet the obligations of the plans based on actuarial assumptions. Contributions made by CSL Behring GmbH, CSL Behring Innovation GmbH and Seqirus GmbH are expensed in the year in which they are made. CSL Limited Annual Report 2020/21 139