Mars Pension Plan

Mars contribution

From capital to pension.

Mars provides the foundation – this also applies to the payout: The balance accumulated in Steps 1 and 2 is always recalculated into regular pension payments. This way, Mars makes an important contribution so you can maintain your standard of living also in retirement.

Insurance-mathematical principles are applied in the calculation. That means, various factors are figured in, among others, the statistical life expectancy and actuarial interest rate and if you included survivor’s benefits in your plans – see below for more information.

The statistical life expectancy is also the reason why your pension is lower if you retire before the age of 65. Because the benefits then have to be paid over a longer period of time. So, the earlier you retire, the lower your monthly pension.

Providing for your family

Prior to drawing retirement benefits, you can decide: Do you want to continue providing for your partner after your death with survivor’s benefits? You can make sure your spouse, registered common-law partner or cohabitant (partner in a marriage-like relationship) is protected as well. After your death, he or she will receive 60% of your last retirement benefit. However, this also decreases your retirement benefit.

By the way: During your working life, your family is automatically protected in case of your death – find out more under Risk.

A steady increase

Your retirement benefit will be raised year on year by 1%.