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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)7. Employee beneftsThe Group operates pension plans with defned contribution, defned beneft or hybrid schemes for all eligible full-time employees of the Group. The Group also provides certain post-retirement medical benefts to employees. These Plans are governed by the deeds and rules of the specifc plan and the employment laws relevant to the jurisdictions in which they operate.Contributions recognised in the Consolidated Statement of Comprehensive Income with respect to defned contribution plans are as follows:2018 2017 $ $Contribution expense 719 894The level of pension benefts provided under the defned beneft plans depends on the member%u2019s length of service and salary at retirement age. The defned beneft pension plan requires contributions to be made to a separately administered fund. The Fund has a separate legal form and is governed by the Board of Trustees. The Board of Trustees is responsible for the administration of the plan assets and for the defnition of the investment strategy.The Board of Trustees periodically reviews the level of funding in the pension plan. Such a review includes the asset-liability matching strategy and investment risk management policy which considers the term of the pension obligation while simultaneously remaining compliant with the requirements of the Pension Act. The pension plans are exposed to infation, interest rate risks and changes in the life expectancy for pensioners in the relevant jurisdictions. As the Plan assets include signifcant investments in quoted equity shares, the Group is also exposed to equity market risk.2018 2017$ $Employee benefts asset 92,153 89,306Employee benefts obligation 5,581 4,39682 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018