Compensation and benefits

12 Months Ended

Dec. 31, 2015

11 Compensation and benefits

in	2015	2014	2013
Compensation and benefits (CHF million)
Salaries and variable compensation	10,051	9,884	9,678
Social security	788	793	778
Other ¹	707	657	800
Compensation and benefits ²	11,546	11,334	11,256
1 Includes pension and other post-retirement expense of CHF 359 million, CHF 361 million and CHF 490 million in 2015, 2014 and 2013, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 89 million, CHF 275 million and CHF 216 million in 2015, 2014 and 2013, respectively.

Bank

Compensation and benefits

11 Compensation and benefits

in	2015	2014	2013
Compensation and benefits (CHF million)
Salaries and variable compensation	9,826	9,685	9,455
Social security	771	775	763
Other ¹	926	922	969
Compensation and benefits ²	11,523	11,382	11,187
1 Includes pension and other post-retirement expense of CHF 579 million, CHF 624 million and CHF 658 million in 2015, 2014 and 2013, respectively.
2 Includes severance and other compensation expense relating to headcount reductions of CHF 89 million, CHF 274 million and CHF 216 million in 2015, 2014 and 2013, respectively.

- 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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