Pension scheme as of 1 January 2020

20 February 2020 | News

In consequence of the CAO (Collective Bargaining Agreement) consultation, as of 1 January 2020 a change will be made to the pension schemes with regard to one-off indexation compensation payments that were pensionable and the accrual of pension by partially occupationally disabled persons.

As of 1 January 2020, the one-off assessment CAO 1-7 and Eind RSP 16-25 allowance is no longer pensionable. Also, as of 1 January 2020, the regulations include the ruling that pension accrual during a period of occupational disability will not be adjusted.

Franchises and (fiscal) limits have been updated per 1 January 2020.

The most important alterations regarding franchises and limits are shown below:

– Pension franchise*: € 15,178 (2019: € 14,770)

– Contribution franchise**: € 14,171 (2019: € 13,790)

– Maximum pensionable salary on an annual basis: € 110,111 (2019: € 107,593,-)

– Commutation limit for small pensions: € 497.27 (2019: € 484.09

 

Changes in contribution per 1 January 2020 were set out in the newsletter of December 2019.

See the Pension Scheme Rules and Regulations for this year

 

* The pension franchise is that part of the pensionable salary not taken into account when determining pension entitlements.

** The contribution franchise is that part of the pensionable salary not taken into account when determining the member’s and the employer’s contribution.

Related posts

Are you moving? You only have to inform us if you have an address outside the Netherlands

14 January 2025

If you move within the Netherlands, we receive information about the change of your address through the Personal Records Database (BPD). It is not necessary to inform us about a move within the Netherlands. Please do contact us if you are moving to an address outside the Netherlands. We don’t receive this information.

Explanation of the Implementation Plan and Communication Plan Wtp

6 January 2025

Due to the introduction of the Future Pensions Act (Wtp), HEINEKEN’s pension scheme must be adjusted. The adjustment of the pension scheme has been agreed upon by HEINEKEN, the trade unions and the works councils of HEINEKEN and laid down in the Transition Plan.

Premium 2025

23 December 2024

The board of the Heineken Pension Fund has determined the premiums for the year 2025.