INDICATOR: 201-3
Defined benefit plan obligations and other retirement plans
For the pension plan of its employees, 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 GRI 201-1.
Employees’ retirement costs are borne exclusively by their insurance funds, as appropriate.
Employees participate in the supplementary Pension and Life insurance plan and Medical insurance plan, according to the percentages in the table below:
| Company | Company’s pension plan | Company’s medical insurance plan |
|---|---|---|
| HELLENIC PETROLEUM R.S.S.O.P.P.1 | 98.89% | 99.72% |
| HELLENiQ ENERGY | 75.34% | 80.82% |
| ΕΚΟ2 | 79.81% | 93.08% |
| DIAXON | 75.61% | 93.50% |
| ΑSPROFOS | 89.04% | 100% |
| ΕΚΟ CYPRUS3 | 88.46% | 91.03% |
| OKTA | 0% | 0% |
| JUGOPETROL | 82.61% | 100% |
| EKO BULGARIA | 100% | 100% |
| EKO SERBIA | 0% | 98.11% |
| HELLENiQ UPSTREAM | 64% | 88% |
| HELPE INTERNATIONAL CONSULTING | 59.02% | 95.08% |
| HELLENiQ RENEWABLES4 | 40% | 100% |
| ELPEFUTURE | 50% | 100% |
| HELLENiQ ENERGY DIGITAL | 5.56% | 83.33% |
1The employees of VARDAX S.A. are counted.
2The employees of KALYPSO KEA SA. are counted.
3The employees of BLUE CIRCLE ENGINEERING LTD are not counted.
4The employees of HELPE RENEWABLE WIND FARMS OF EVIA S.A. and AIOLIKO PARKO SAG IAS S.A. are counted.
Indicative examples of employer and employee participation:
HELLENiQ ENERGY, HELPE R.S.S.O.P.P. & ΕΚΟ
For 2022 the following were applied
| HELLENiQ ENERGY* | “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES |
|---|---|---|
| EMPLOYER | 6.5% | 6.5% |
| EMPLOYEE | 0.5% – 15% | 1.5% – 15% |
*Also applies to subsidiaries: HELPE R.S.S.O.P.P., HELLENiQ UPSTREAM, HELLENiQ RENEWABLES, ELPEFUTURE AND HELPE INTERNATIONAL CONSULTING, HELLENiQ ENERGY DIGITAL
| EKO | “NEWLY” INSURED EMPLOYEES | “OLD” INSURED EMPLOYEES |
|---|---|---|
| EMPLOYER | 2.5% (ESSE) & 6.5% (Executives) | |
| EMPLOYEE | 0.5 – 15% | 1.5% – 15% |
DIAXON
- Employer participation rate:
For employees insured up to 31/12/1992 (old) 6.5%
For employees insured after 1/1/1993 (new) 5% since 01.01.2019 - 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%.
ΑSPROFOS
3% employer & 2-25% employees. An employee has the ability to unilaterally increase the percentage up to the limit of 25%. (min 2% – max 25%)
ΗΡ Cyprus
Participation 100%. For the old employees, the 2022 scheme stipulates Define Benefit Plan 23.6% and Define Contribution 5% for the Employer, and Define Contributions 5% -15% for the Employee. For newly insured employees from 2015 onwards, the scheme stipulates Define Contribution 9.5% for the Employer & Define Contribution 5-15% for the Employee.
JUGOPETROL
15% employee/ 5.5% employer contribution. Retirement contributions are mandatory and are set by state laws and regulations.
ΕΚΟ Serbia
Employees’ compulsory pension and health contributions are set by law. In addition, as part of the benefits, the Company provides private health insurance to its employees at no cost to the employees.