Contribution scale: you can choose the level of your savings contributions
The retirement credit in the Pension Fund depends on the individual contribution scale that is chosen.
Insured members can choose between the contributions scales “Basic”, ”Standard” and “Excellent”. The choice is made when you join the Pension Fund. If written notification is not received, the “Standard” contribution scale applies. A change is possible every year on 1 July. The chosen contribution scale does not have any impact on the employer’s contributions.
While the “Standard” scale entails the payment of 1 percent higher contributions by the insured member and results in a correspondingly higher retirement credit compared with the “Basic” scale, the contributions and credit in the case of the “Excellent” scale are 2 percent higher.
"Basic" contribution scale
| Age | Contributions to retirement plan | Retirement credit | |
|---|---|---|---|
| Level | Insured person | Company | Total |
| up to 24 | – | – | – |
| 25–34 | 6,5% | 12,0% | 18,5% |
| 35–44 | 7,5% | 14,0% | 21,5% |
| 45–54 | 8,5% | 18,0% | 26,5% |
| 55–65 | 9,5% | 20,0% | 29,5% |
"Standard" contribution scale
| Age | Contributions to retirement plan | Retirement credit | |
|---|---|---|---|
| Level | Insured person | Company | Total |
| up to 24 | – | – | – |
| 25–34 | 7,5% | 12,0% | 19,5% |
| 35–44 | 8,5% | 14,0% | 22,5% |
| 45–54 | 9,5% | 18,0% | 27,5% |
| 55–65 | 10,5% | 20,0% | 30,5% |
"Excellent" contribution scale
| Age | Contributions to retirement plan | Retirement credit | |
|---|---|---|---|
| Level | Insured person | Company | Total |
| up to 24 | – | – | – |
| 25–34 | 9,5% | 12,0% | 21,5% |
| 35–44 | 10,5% | 14,0% | 24,5% |
| 45–54 | 11,5% | 18,0% | 29,5% |
| 55–65 | 12,5% | 20,0% | 32,5% |
Using the simulation tool on the web portal, insured individuals can calculate how the contribution scale affects the development of their retirement savings.