Build up capital.

In the Bridging Plan, you don’t accumulate pension rights, but retirement capital that accumulates over a certain period of time.

 

You have the flexibility to decide how much you want to pay in.  The Bridging Plan objective: You build up a capital with your own contributions. This will be paid to you and should match approx. the pension paid to you at a time you are not entitled to state pension payments without deductions.

You determine what you want to pay by using the retirement calculator in the Pension Portal and Mars then deposits the amount directly in your pension plan account. You don’t have to do anything more. It’s simple and convenient!

 

One thing to remember – determine your contribution!

• Overall, you are allowed to convert up to 20% of your gross monthly salary into contributions for these three associate pension schemes: Compensation Plan, Bridging Plan and Supplementary Plan.
• The participation period now runs for 12 months starting in September and then continues until revocation. In the period from 1 June to 5 September of any year, you can adjust the contributions to the Bridging Plan to fit your living situation and your financial priorities. Every year if you want!
• On top of converting part of your salary, you can also make contributions to the Bridging Plan from the associate savings scheme or annual leave. A good idea, for example, if you have a few leave days left over and above your annual statutory minimum leave (24 days). Your leave days are then converted into money. Important to 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.

 

All the contributions you make earn interest and will be paid out as installments or in a lump sum, if as of age 60 you enter early retirement.