Change in the funding of pension accrual in the event of full occupational disability

As of 1 January 2021 a change will be made in the funding of pension accrual in the event of full occupational disability. As requested by the pension fund, the employer has paid a purchase sum for the pension accrual of those employees now suffering full occupational disability.

The employer will pay a risk premium for the future. This change in funding means that a provision can be built up, implying that the pension accrual for employees who are unable to work due to full occupational disability can be continued, also in the event that the employer is unable to pay the premium to the fund at any time in the future for whatever reason. Without this change in funding, pension accrual would terminate for employees with full occupational disability.