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2021 INTEGRATED MANAGEMENT REPORT
4.3.8 Pension plans1
1 In 2021, 95% of the Group s employees in Spain participate in retirement plans, mandatory or voluntary programmes, regional or national programmes or programmes with a financial impact compared with 91% in 2020.
2 Complementing Pension Plans, there are Capitalisation Policies (composite insurance) under which savings and risk contributions are made, complementing the CEPSA Group s Pension Plans (nationally).
PERCENTAGE CONTRIBUTION TO PENSION PLANS
Group /Category % Final base salary employee % Final base salary company
2021 2020 2021 2020
Employees covered by Collective Agreement 1 1 1.60 1.60
Executive Technicians and Expert Technicians 1.25 1.25 2 2
Heads of Department 2 2 15% of (Fixed
Remuneration Maximum Pension)
15% of (Fixed Remuneration
Maximum Pension)
Managers 3 3 20% of (Fixed
Remuneration Maximum Pension)
20% of (Fixed Remuneration
Maximum Pension)
ESTIMATED PENSION PLAN OBLIGATIONS2
Contributions 2021 2020
Pension plans 6,887,780.65 8,211,609.69
Life insurance 169,290.09 129,718.61
Savings schemes 6,391,638.25 6,360,343.94