3. Personnel costs

EUR million	1–12/2015	1–12/2014
Wages, salaries and fees	3.4	2.8
Pension costs	0.8	0.6
Other employer contributions	0.1	0.1
Total	4.3	3.5

VVO Group plc’s CEO and Management Group are paid in accordance with a total remuneration policy, and their retirement age is 63 years. Pension liability is covered with a pension insurance, in which an insurance premium corresponding to two months’ taxable income is paid annually into a group pension insurance plan. The period of notice for terminating the CEO’s employment relation-ship is twelve months.

Management salaries and fees, benefit-based
EUR million	1–12/2015	1–12/2014
CEO	0.7	0.5
Deputy CEOs	0.5	0.3
Board Members	0.1	0.1
Committee Members	0.0	0.0
Total	1.3	0.9


	2015	2014
Average number of personnel	30	28