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Personnel expenses (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Personnel Expenses [Line Items]      
Salaries [1] $ 6,518 $ 6,448 $ 6,154
Variable compensation - performance awards 2,755 2,995 3,151
of which: guarantees for new hires 29 43 36
Variable compensation - other 246 243 252
of which: replacement payments [2] 56 72 72
of which: forfeiture credits (86) (136) (107)
of which: severance payments [3] 125 123 113
of which: retention plan and other payments 56 66 63
of which: Deferred Contingent Capital Plan - interest expense 94 119 111
Financial advisor compensation [4] 4,043 4,054 4,064
Contractors 381 489 460
Social security 799 791 814
Pension and other post-employment benefit plans [5] 787 457 723
Other personnel expenses 555 654 581
Total personnel expenses [6] 16,084 16,132 16,199
Reduction of net periodic pension expenses due to changes in Swiss pension plan at announcement   241  
UBS AG      
Personnel Expenses [Line Items]      
Salaries [1] 5,183 5,199 5,423
Variable compensation - performance awards 2,545 2,794 3,054
of which: guarantees for new hires 29 43 36
Variable compensation - other 225 220 231
of which: replacement payments [2] 55 68 70
of which: forfeiture credits (84) (136) (106)
of which: severance payments [3] 110 106 95
of which: retention plan and other payments 52 64 62
of which: Deferred Contingent Capital Plan - interest expense 93 116 110
Financial advisor compensation [4] 4,043 4,054 4,064
Contractors 147 184 318
Social security 627 629 731
Pension and other post-employment benefit plans [5] 569 363 601
Other personnel expenses 461 549 531
Total personnel expenses [6] $ 13,801 13,992 $ 14,952
Reduction of net periodic pension expenses due to changes in Swiss pension plan at announcement   $ 132  
[1]
Includes role-based allowances
[2]
Replacement payments are payments made to compensate employees for deferred awards forfeited as a result of joining UBS.
[3]
Includes legally obligated and standard severance payments.
[4]
Financial advisor compensation consists of grid-based compensation based directly on compensable revenues generated by financial advisors and supplemental compensation calculated on the basis of financial advisor productivity, firm tenure, assets and other variables. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.
[5]
Changes to the pension fund of UBS in Switzerland in 2018 resulted in a reduction in the pension obligation recognized by UBS. As a consequence, a pre-tax gain of USD 241 million was recognized in the income statement in 2018, with no overall effect on total equity. Refer to Note 29 for more information.
[6]
Comparative figures in this table have been restated for the changes in Corporate Center cost and resource allocation to the business divisions and the changes in the equity attribution framework. Refer to further discussion in this note and in Note 1b