XML 55 R32.htm IDEA: XBRL DOCUMENT

Employee Benefits

12 Months Ended

Dec. 31, 2021

26.

Employee Benefits:

(a)

Provisions for personnel benefits and payroll:

	2020		2021
	MCh$		MCh$

Short-term personnel benefits (a.2)		43,941		53,069
Vacation accrual (a.3)		33,993		37,010
Other Benefits		25,728		10,438
Employee defined benefit plan (a.1)(*)		7,581		6,446
Total		111,243		106,963

(*)

See Note No. 2 (x) (iii).

(a.1)

Employee defined benefit plan:

	2020		2021
	MCh$		MCh$

Current service cost		367		226
Interest cost on benefit obligation		160		364
Actuarial gains and losses		91		(523	)
Net benefit expense		618		67

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:

The most recent actuarial valuation of the staff severance indemnities provision was carried out during December 2021.

Changes in the present value of the defined benefit obligation are as follows:

	2020			2021
	MCh$			MCh$

Opening defined benefit obligation, January 1,		7,566			7,581
Increase in provision		527			590
Benefits paid		(603	)		(1,202	)
Actuarial gains and losses		91			(523	)
Closing defined benefit obligation		7,581			6,446

(a.2) The following table details the changes in provisions for incentive plans during 2020 and 2021:

(a.3) The following table details the changes in provisions for vacation during 2020 and 2021:

(b)

Provisions for share-based employee benefits:

As of December 31, 2020 and 2021, the Bank and its subsidiaries did not have stock-based compensation plans.