Annual Report Uniphar_Accounts_2016 | Page 78

Notes to the Financial Statements Notes to the Financial Statements continued continued 27 Employee benefit obligations The pension entitlements of employees, including executive directors, arise under five defined benefit schemes and two defined contribution schemes and are secured by contributions by the Group to separately administered pension funds in the Republic of Ireland. The Cahill May Roberts Limited No. 2 Plan wound up with an effective date of 11 January 2016. The assets of the scheme were distributed in line with members chosen options and no assets or liabilities remain. The Uniphar Superannuation Scheme was set up in early 2016 to provide pension benefits for some former members of the Cahill May Roberts No. 2 Plan and contributions are currently being paid into this scheme. The defined benefit schemes are:  The Allied Pharmaceutical Distributors Limited Pension Plan The United Pharmacists Co-Operative Society Limited Pension & Life Assurance Scheme The Whelehan Group Pension Scheme The Cahill May Roberts Limited Contributory Pension Plan The Cahill May Roberts Limited No. 2 Plan (wound up on 11 January 2016) The Uniphar Superannuation Scheme The pension charge for the year is €953,000 (2015: €537,000) comprising a current service cost of €256,000 (2015: €267,000), a past service gain of €nil (2015: cost €28,000) and defined contribution scheme costs of €697,000 (2015: €298,000). The net finance costs resulting from the scheme deficit is €36,000 (2015: €124,000). Rate of increase in pensionable salaries 0.00 - 2.50% 0.00% The main financial assumptions used were: F