PENSION PLANS AND OTHER POST RETIREMENT BENEFITS

The following table provides details of our defined benefit pension plans and long-term employee benefit obligations for Open Text Document Technologies GmbH (CDT), GXS GmbH (GXS GER) and GXS Philippines, Inc. (GXS PHP) as of March 31, 2016 and June 30, 2015:



	As of March 31, 2016
	Total benefit obligation		Current portion of benefit obligation*		Non-current portion of benefit obligation
CDT defined benefit plan	$	28,433	$	615	$	27,818
GXS Germany defined benefit plan	23,140		784		22,356
GXS Philippines defined benefit plan	6,318		33		6,285
Other plans	2,995		1,162		1,833
Total	$	60,886	$	2,594	$	58,292



	As of June 30, 2015
	Total benefit obligation		Current portion of benefit obligation*		Non-current portion of benefit obligation
CDT defined benefit plan	$	26,091	$	575	$	25,516
GXS Germany defined benefit plan	22,420		774		21,646
GXS Philippines defined benefit plan	7,025		26		6,999
Other plans	2,751		175		2,576
Total	$	58,287	$	1,550	$	56,737

*The current portion of the benefit obligation has been included within "Accrued salaries and commissions", all within "Accounts payable and accrued liabilities" in the Condensed Consolidated Balance Sheets (see Note 9).

Defined Benefit Plans

CDT Plan

CDT sponsors an unfunded defined benefit pension plan covering substantially all CDT employees (CDT pension plan) which provides for old age, disability and survivors’ benefits. Benefits under the CDT pension plan are generally based on age at retirement, years of service and the employee’s annual earnings. The net periodic cost of this pension plan is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs. No contributions have been made since the inception of the plan. Actuarial gains or losses in excess of 10% of the projected benefit obligation are being amortized and recognized as a component of net periodic benefit costs over the average remaining service period of the plan's active employees. As of March 31, 2016, there is approximately $0.1 million in accumulated other comprehensive income related to the CDT pension plan that is expected to be recognized as a component of net periodic benefit costs over the remainder of the fiscal year.

GXS Germany Plan

As part of our acquisition of GXS, we acquired an unfunded defined benefit pension plan covering certain German employees which provides for old age, disability and survivors' benefits. The GXS GER plan has been closed to new participants since 2006. Benefits under the GXS GER plan are generally based on a participant’s remuneration, date of hire, years of eligible service and age at retirement. The net periodic cost of this pension plan is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs. No contributions have been made since the inception of the plan. Actuarial gains or losses in excess of 10% of the projected benefit obligation are being amortized and recognized as a component of net periodic benefit costs over the average remaining service period of the plan’s active employees. As of March 31, 2016, there is approximately $5.7 thousand in accumulated other comprehensive income related to the GXS GER plan that is expected to be recognized as a component of net periodic benefit costs over the remainder of the fiscal year.

GXS Philippines Plan

As part of our acquisition of GXS, we acquired a primarily unfunded defined benefit pension plan covering substantially all of the GXS Philippines employees which provides for retirement, disability and survivors' benefits. Benefits under the GXS PHP plan are generally based on a participant’s remuneration, years of eligible service and age at retirement. The net periodic cost of this pension plan is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs. Aside from an initial contribution which has a fair value of approximately $36.0 thousand as of March 31, 2016, no additional contributions have been made since the inception of the plan. If actuarial gains or losses are in excess of 10% of the projected benefit obligation, such gains or losses will be amortized and recognized as a component of net periodic benefit costs over the average remaining service period of the plan’s active employees.

The following are the details of the change in the benefit obligation for each of the above mentioned pension plans for the periods indicated:



	As of March 31, 2016												As of June 30, 2015
	CDT			GXS GER			GXS PHP			Total			CDT			GXS GER			GXS PHP			Total
Benefit obligation—beginning of period	$	26,091		$	22,420		$	7,025		$	55,536		$	29,344		$	24,182		$	5,276		$	58,802
Service cost	317			274			1,244			1,835			452			360			1,518			2,330
Interest cost	458			405			240			1,103			735			625			289			1,649
Benefits paid	(413		)	(577		)	(86		)	(1,076		)	(495		)	(793		)	(78		)	(1,366		)
Actuarial (gain) loss	1,988			597			(1,912		)	673			1,676			2,701			201			4,578
Foreign exchange (gain) loss	(8		)	21			(193		)	(180		)	(5,621		)	(4,655		)	(181		)	(10,457		)
Benefit obligation—end of period	28,433			23,140			6,318			57,891			26,091			22,420			7,025			55,536
Less: Current portion	(615		)	(784		)	(33		)	(1,432		)	(575		)	(774		)	(26		)	(1,375		)
Non-current portion of benefit obligation	$	27,818		$	22,356		$	6,285		$	56,459		$	25,516		$	21,646		$	6,999		$	54,161

The following are details of net pension expense relating to the following pension plans:



	Three Months Ended March 31,
	2016								2015
	CDT		GXS GER		GXS PHP		Total		CDT		GXS GER		GXS PHP		Total
Pension expense:
Service cost	$	106	$	86	$	393	$	585	$	104	$	100	$	416	$	620
Interest cost	153		140		78		371		170		125		73		368
Amortization of actuarial gains and losses	107		6		—		113		93		—		—		93
Net pension expense	$	366	$	232	$	471	$	1,069	$	367	$	225	$	489	$	1,081



	Nine Months Ended March 31,
	2016								2015
	CDT		GXS GER		GXS PHP		Total		CDT		GXS GER		GXS PHP		Total
Pension expense:
Service cost	$	317	$	274	$	1,244	$	1,835	$	344	$	257	$	1,113	$	1,714
Interest cost	458		405		240		1,103		560		497		208		1,265
Amortization of actuarial gains and losses	319		17		—		336		307		—		—		307
Net pension expense	$	1,094	$	696	$	1,484	$	3,274	$	1,211	$	754	$	1,321	$	3,286

In determining the fair value of the pension plan benefit obligations as of March 31, 2016 and June 30, 2015, respectively, we used the following weighted-average key assumptions:



	As of March 31, 2016			As of June 30, 2015
	CDT	GXS GER	GXS PHP	CDT	GXS GER	GXS PHP
Assumptions:
Salary increases	2.00%	2.00%	6.20%	2.00%	2.00%	7.00%
Pension increases	1.75%	2.00%	4.00%	1.75%	2.00%	3.50%
Discount rate	1.94%	2.13%	4.75%	2.36%	2.54%	4.75%
Normal retirement age	N/A	65-67	60	N/A	65-67	60
Employee fluctuation rate:
to age 30	1.00%	N/A	N/A	1.00%	N/A	N/A
to age 35	0.50%	N/A	N/A	0.50%	N/A	N/A
to age 40	—%	N/A	N/A	—%	N/A	N/A
to age 45	0.50%	N/A	N/A	0.50%	N/A	N/A
to age 50	0.50%	N/A	N/A	0.50%	N/A	N/A
from age 51	1.00%	N/A	N/A	1.00%	N/A	N/A

Anticipated pension payments under the pension plans for the fiscal years indicated below are as follows:



	Fiscal years ending June 30,
	CDT		GXS GER		GXS PHP
2016 (three months ending June 30)	$	144	$	193	$	7
2017	629		787		30
2018	672		876		39
2019	753		936		65
2020	820		988		101
2021 to 2025	5,034		5,368		1,262
Total	$	8,052	$	9,148	$	1,504

Other Plans

Other plans include defined benefit pension plans that are offered by certain of our foreign subsidiaries. Many of these plans were assumed through our acquisitions or are required by local regulatory requirements. These other plans are primarily unfunded, with the aggregate projected benefit obligation included in our pension liability. The net periodic cost of these plans are determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs.