The weighted average economic assumptions used to determine post-employment plan expenses are as follows: The Company expects to contribute $1.3 million to the funded defined benefit plans and pay $1.8 million in benefits for the unfunded plans in 2012. Canada/U.S. U.K. Germany Other Total December 31, 2011 Discount rate 3.88% 5.40% 4.65% 5.19% 4.43% Expected long-term rate of return on plan assets 6.50% 6.30% n.a. n.a. 6.35% Expected rate of compensation increase 3.00% n.a. 2.00% 2.69% 2.76% December 31, 2010 Discount rate 5.60% 5.80% 5.15% 4.62% 5.56% Expected long-term rate of return on plan assets 6.50% 6.50% n.a. n.a. 6.50% Expected rate of compensation increase 3.00% n.a. 2.00% 2.67% 2.74% 2011 2010 Present value of the defined benefit obligation $ 92,473 $ 84,275 Fair value of the plan assets 20,703 19,540 Plan deficit $ 71,770 $ 64,735 Experience gains/(losses) on plan liabilities $ 359 $ 850 Experience gains/(losses) on plan assets $ (797) $ 781 The history for the plans is as follows: 2011 2010 Wages and salaries $ 268,063 $ 276,387 Compulsory social security contributions 32,257 34,265 Contributions to defined contribution plans 8,530 8,190 Expenses related to defined benefit plans 4,191 4,357 Equity-settled share-based payment transactions 3,472 4,130 $ 316,513 $ 327,329 2011 2010 Current tax expense Current tax on earnings before earnings in equity accounted investments for the year $ 31,655 $ 28,250 Deferred tax expense (benefit) (note 17) Origination and reversal of temporary differences $ 2,425 $ 5,347 Impact of tax rate reduction (39) 508 Recognition of previously unrecognized tax losses and deductible temporary differences (195) (3,160) Benefit of current period losses — (2,677) $ 2,191 $ 18 Total income tax expense $ 33,846 $ 28,268 24. INCOME TAX EXPENSE 23. PERSONNEL EXPENSES CCL Industries Inc. 2011 Annual Report 73