EXECUTIVE SUMMARY Recommendations COUNTRY-SPECIFIC RECOMMENDATIONS Given your stated objective to provide “competitive” employee benefits in each country, our analysis suggests the following modifications may deserve consideration: Japan ‰ Retirement/Termination Benefits o Switch from current unfunded benefit arrangement to DC plan within next 1-2 years o Cost impact: typically none/ minimal ‰ Life/Accident o Implement Group Life/AD&D plan with death benefits 2x salary o Added cost: JPY 1.62 million/year ‰ Housing Plan o Increase maximum rent cap by approx. JPY 10,000 monthly o Added cost: Depends on number of employees effected United Kingdom ‰ Defined Contribution Pension (DC) o Consider increasing employer contributions ‰ Individual Pension (IP) o Carry out in depth market review ABC – Global Benefits Assessment Page A - 4