You accrue pension in three ways:
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You accrue a part of your pension every year. The pension that you accrue this way is the sum of all those parts. You receive this pension for as long as you live after your retirement date. This is referred to as an average pay scheme. |
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You accrue a portion of your final pension every year. This is not calculated on your full gross salary. In 2019, you will not accrue any pension over € 15,482.00. This 'threshold amount', known as the deductible, is roughly equal to the state old-age pension payment (AOW) that you will receive from the government once you reach AOW retirement age. In 2019, you will accrue 1.60% pension on your gross salary minus the deductible |
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You pay a contribution towards your pension every month. Your employer does the same. With Bpf MITT, you pay 8% of the pension base and your employer pays 16%. Check with your employer whether and/or how much they pay. Your contribution is shown in your payslip. |