As of now, you have the opportunity of converting part of your Annual Variable Pay (AVP) and contributing it to the company pension scheme.

These are the general conditions!

Variable salary components (Annual Variable Pay) can be converted into contributions to the company pension plan at a maximum amount equal to 100% achievement based on the relevant targets:

Example

Annual base salary: €30,000, target percentage: 5%, target achievement: 200%

Annual Variable Pay entitlement (total) = €3,000 (€30,000*5%*200%)

Possible AVP conversion for the company pension scheme: up to €1,500 (€30,000*5%*100%)

 

What you must do now!

If you would like to take advantage of this opportunity, please enter your decision to convert AVP between 5 February and 5 March (latest) each year in the online pension portal (www.mars-pension.towerswatson.com).

 

This concerns the following Associates!

• Pension Plan:

All Associates who joined Mars after 31 December 2005 and already actively participate in the company pension scheme by converting at least the minimum contribution every month.

• Pension Plan Classic:

All Associates who joined Mars prior to 01 January 2006.

Where to get help!

In case you have technical difficulties or other questions on your company retirement plan, please contact the Mars Pension Service at Tel. 0611 – 58 58 25 30, workdays Monday to Friday from 09:00 to 12:00.