Contributions

Five things you need to know about contributions to the Mars Pension Plan!

Jointly – both parties have to contribute.
Your contribution in Step 1 is the trigger for everything else – no contribution from you, no contribution from Mars. However, when you contribute, Mars will join in to the full extent: through Mars contributions in Steps 1 and 2, with attractive interest rates and a flexible full service pack!
Favorable tax terms – deductions from your gross salary.
All your contributions are deducted directly from your gross income. They are also tax-free, and up to a certain limit, also exempt from social security contributions. Plainly speaking: You are paying in less than is actually deposited into your Mars pension!
Flexible – reconsider every year.
The agreement is valid as of September and entered into for a period of 12 months until revocation. In the period from 1 June until 5 September of any year, you have the opportunity to adjust your contributions in Steps 2 and 3 to your personal situation – we will remind you of the deadline in time.
Convenient – making a decision that remains valid until you want to change it
The deferred compensation decision you make will remain effective until it is revoked by you. That means you continue participating in the company pension scheme even beyond September of the following year without you having to renew it again next year. Our Mars service: We will remind you on time, so you can adjust your decision if you wish.
Lots of leeway – contribution limits
Overall, you can pay in up to 20% of your contributory income to the Pension Plan.

Step 1

We build the foundation together.

In Step 1, both of us pay in: You and Mars each contribute a fixed amount. Of course, your contribution is voluntary – but: No contribution from you, no contribution from Mars. That means if you decide not to participate, you are giving away money – and missing a golden opportunity to build a financial foundation for the future with attractive conditions.

This is how your fixed amount is calculated
Your fixed contribution is defined as 2.5% of your contributory gross annual income. Your contributory income includes: base pay, reliability bonus, company bonus, shift allowance, responsibility bonus, ARB, overhead bonus and annual variable pay (AVP) up to 100% target achievement. All other types of pay (e.g. overtime compensation or accrued time account) are excluded from the calculation.

Important: the contribution is tax-free. This means the net amount you pay is much lower.

Your annual contribution is recalculated into monthly contributions; these are automatically withheld from your salary. To check on the current level of your contributions and your contributory income go to the Pension Portal.

This is how the Mars contribution is calculated
Mars matches the amount: 2.5% of your contributory gross annual income.

If your income is above the (statutory) contribution assessment ceiling (CAC), you receive 2.5% on your income up to the CAC, plus 7.5% contributed for the income proportion above the CAC. Background: The CAC is the assessment ceiling or upper limit of income for which contributions are deducted and paid into the state social security system. This means: If your pay is above the CAC, you don’t accumulate any (statutory) pension rights for the income proportion above this ceiling. So, your retirement gap is particularly wide.

Step 2

Take the incentive.

In Step 2, you decide how much you want to invest in your retirement provision. Best of all: The Mars benefit increases at the same rate as your investment. Because Mars will double your contribution.

Contribution limits: at this level you may contribute a maximum of 2.5% of your contributory annual income that is below the CAC, in addition up to 10% of your remaining income that is above the CAC.

Your annual contribution is recalculated into monthly contributions; these are automatically withheld from your salary.

Remember: Due to the tax advantage your net contribution is much lower than the gross contribution actually deposited in the Mars Pension Plan.

Determine your contribution and remain flexible
You determine how much want to contribute while adhering to the contribution limits. Mars matches the contribution. After that, you may adjust or suspend your contribution once a year. Just go to the Pension Portal and off you go.

Step 3

You close the gaps.

Looking to close the retirement gap even more? Then go to Step 3! You can increase your contributions even further by up to a maximum of 20% of your contributory income in all three steps together.

While there are no matching Mars contributions, you will of course still benefit from the same attractive interest and tax benefits – because your contribution to Step 3 is also withheld from your gross income.

Your annual contribution is recalculated into monthly contributions; these are automatically withheld from your salary.

Time equals money equals future security
Recreation is important! That is why you get leave time. You have to take 24 days p.a. of leave time – a legal requirement. Sometimes, you may have leave days left or time accrued on your flexi account. This is where the Mars Pension Plan comes into play.

This is because in Step 3 you can also make contributions from the associate savings scheme, accrued time account or annual leave. Payroll will calculate your time into money.

Please note: Converting time into money for the retirement pension is not initiated through the pension portal, but entered via the time-keeping system X-Time Web.

MARS Pension plans

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Step 1

Step 2

Step 3