ECCB 2025-2026 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2026 (Expressed in Eastern Caribbean dollars)

22. Pension asset (continued)

2026 $

2025 $

Movement in present value of defined benefit obligation over the year is as follows: Beginning of year

123,773,000 4,600,000 9,044,000 888,000 (6,185,000) (6,485,000)

105,043,000 4,420,000 7,689,000 895,000 10,860,000 (5,134,000)

Current service cost

Interest cost

Contributions by plan participants

Experience adjustments

Benefits paid

Defined benefit obligation at end of year

125,635,000

123,773,000

The defined benefit obligation is allocated between the Plan’s members as follows:

2026

2025

%

%

67

Active members Deferred members

64

-

-

33

Pensioners

36

The weighted average duration of the defined benefit obligation at the year end

12.8 years

13.4 years

96% of the benefits for active members are vested. 28% of the defined benefit obligation for active members is conditional on future salary increases. 2026 2025 $ $ Movement in fair value of plan assets over the year Plan assets at start of year 150,727,000 142,514,000 Interest income 11,218,000 10,653,000 Return on plan assets, excluding interest income 3,047,000 (1,485,000) Bank’s contributions 3,550,000 3,581,000 Members’ contributions 888,000 895,000 Benefits paid (6,485,000) (5,134,000) Expense allowance (296,000) (297,000) Fair value of plan assets at end of year 162,649,000 150,727,000

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