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Employee Benefits | 12 Months Ended
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Dec. 31, 2018
Employee Benefits |
Employee Benefits | 26. Employee Benefits: (a) Provisions for personnel benefits and payroll:
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Short-term personnel benefits (a.2) |  | 43,372 |  | 47,797
Vacation accrual (a.3) |  | 25,159 |  | 26,855
Employee defined benefit plan (a.1)(*) |  | 7,676 |  | 7,754
Other Benefits |  | 10,421 |  | 10,173
Total |  | 86,628 |  | 92,579
(*) See Note No. 2 (y) (iii). (a.1) Employee defined benefit plan:
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Current service cost |  | (86) |  | 250
Interest cost on benefit obligation |  | 343 |  | 300
Actuarial gains and losses |  | (164) |  | 127
Net benefit expense |  | 93 |  | 677
The net benefit expense is recognized under “Personnel Expenses” (Note No. 35). The principal assumptions used in determining pension obligations for the Bank’s plan are shown below:
|  | December 31, |  | December 31,
|  | 2017 |  | 2018
|  | % |  | %
Discount rate |  | 4.53 |  | 4.25
Annual salary increase |  | 4.14 |  | 4.42
Payment probability |  | 99.99 |  | 99.99
The most recent actuarial valuation of the present value of the benefit plan obligation was carried out at December 31, 2018. Changes in the present value of the defined benefit obligation are as follows:
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Opening defined benefit obligation, January 1, |  | 8,851 |  | 7,676
Increase (Decrease) in provision |  | 257 |  | 550
Benefits paid |  | (1,268) |  | (599)
Actuarial gains and losses |  | (164) |  | 127
Closing defined benefit obligation |  | 7,676 |  | 7,754
(a.2) The following table details the changes in provisions for incentive plans during 2017 and 2018:
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Balances as of January 1, |  | 37,868 |  | 43,372
Provisions established |  | 37,815 |  | 40,058
Provisions used |  | (32,311) |  | (35,633)
Provisions released |  | — |  | —
Balances as of December 31, |  | 43,372 |  | 47,797
(a.3) The following table details the changes in provisions for vacation during 2017 and 2018:
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Balances as of January 1, |  | 25,539 |  | 25,159
Provisions established |  | 5,626 |  | 7,529
Provisions used |  | (6,006) |  | (5,833)
Provisions released |  | — |  | —
Balances as of December 31, |  | 25,159 |  | 26,855
(b) Provisions for share-based employee benefits: As of December 31, 2017 and 2018, the Bank and its subsidiaries do not have a stock compensation plan.

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