Compensation and benefits

12 Months Ended

Dec. 31, 2014

11 Compensation and benefits

in	2014	2013	2012
Compensation and benefits (CHF million)
Salaries and variable compensation	9,884	9,678	10,717
Social security	793	778	769
Other ¹	657	800	817
Compensation and benefits ²	11,334	11,256	12,303
1 Includes pension and other post-retirement expense of CHF 361 million, CHF 490 million and CHF 532 million in 2014, 2013 and 2012, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 275 million, CHF 216 million and CHF 456 million in 2014, 2013 and 2012, respectively.

Bank

Compensation and benefits

11 Compensation and benefits

in	2014	2013	2012
Compensation and benefits (CHF million)
Salaries and variable compensation	9,685	9,455	10,440
Social security	775	763	751
Other ¹	922	969	1,028
Compensation and benefits ²	11,382	11,187	12,219
1 Includes pension and other post-retirement expense of CHF 624 million, CHF 658 million and CHF 747 million in 2014, 2013 and 2012, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 274 million, CHF 216 million and CHF 427 million in 2014, 2013 and 2012, respectively.

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

- Definition

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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