Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 393

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 393
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 is valid for small changes in the assumptions but will be less accurate for larger changes in the assumptions. The sensitivity to inflation includes the impact on pension increases, which are generally linked to inflation where they are granted.

| Annual Report on Form 20-F 2024 | 217 | riotinto.com |

Financial statements | Notes to the consolidated fin ancial statements

28 Post-retirement benefits continued

|                                                                                       |                                                                                     |                                          2024 |           |                                          2023 |           |
|                                                                                       |                                                                                     | Approximate(increase)/decrease in obligations |           | Approximate(increase)/decrease in obligations |           |
| Assumption                                                                            |                                                                Change in assumption |                                  PensionsUS$m | OtherUS$m |                                  PensionsUS$m | OtherUS$m |
| Discount rate                                                                         |                                                     Increase of0.5percentage points |                                           419 |        31 |                                           460 |        31 |
| Decrease of0.5percentage points                                                       |                                                                                -487 |                                           -33 |      -514 |                                           -33 |           |
| Long-term inflation                                                                   |                                                     Increase of0.5percentage points |                                          -167 |        -9 |                                          -183 |        -9 |
| Decrease of0.5percentage points                                                       |                                                                                 160 |                                             8 |       176 |                                             8 |           |
| Demographic – allowance for futureimprovements in longevity                           | Participants assumed to have the mortality rates ofindividuals who areone yearolder |                                           221 |         8 |                                           244 |         7 |
| Participants assumed to have the mortality rates ofindividuals who areone yearyounger |                                                                                -232 |                                            -8 |      -244 |                                            -7 |           |

29 Directors’ and key management personnel remuneration Directors

Aggregate remuneration, calculated in accordance with the UK Companies Act 2006 , of the Directors of the parent companies was as follows.

|                                                                          | 2024US$'000 | 2023US$'000 | 2022US$'000 |
| Emoluments                                                               |       8,369 |       7,461 |       6,726 |
| Long-term incentive plans                                                |       8,746 |       8,746 |       4,691 |
|                                                                          |      17,115 |      16,207 |      11,417 |
| Pension contributions to defined contribution plans by Rio Tinto