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Compensation and benefits

12 Months Ended

Dec. 31, 2013

Compensation and benefits

11 Compensation and benefits

in		2013		2012		2011
Compensation and benefits (CHF million)
Salaries and variable compensation		9,678		10,717		11,286
Social security		778		769		865
Other ¹		800		817		850
Compensation and benefits ²		11,256		12,303		13,001
1 Includes pension and other post-retirement expense of CHF 490 million, CHF 532 million and CHF 610 million in 2013, 2012 and 2011, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 218 million, CHF 456 million and CHF 715 million in 2013, 2012 and 2011, respectively.

Bank

Compensation and benefits

11 Compensation and benefits

in		2013		2012		2011
Compensation and benefits (CHF million)
Salaries and variable compensation		9,455		10,440		10,971
Social security		763		751		842
Other ¹		969		1,028		1,163
Compensation and benefits ²		11,187		12,219		12,976
1 Includes pension and other post-retirement expense of CHF 658 million, CHF 747 million and CHF 926 million in 2013, 2012 and 2011, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 218 million, CHF 427 million and CHF 576 million as of 2013, 2012 and 2011, respectively.

> Refer to “Note 11 – Compensation and benefits” in V – Consolidated financial statements – Credit Suisse Group for further information.

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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