Premium in the Basic Scheme
Your employer pays the full pension contribution in the Basic Scheme. So you don't have to pay anything for your pension yourself. The contribution in the Basic Scheme is 8% of the pension base. The pension base is the pensionable salary minus the offset. The pensionable salary is:
- the salary for employee insurance with the exception of the addition as a result of the private use of a company car and;
- the employee's share in the contribution for the pension scheme and;
- the salary that has been exchanged for free allowances or free provision on the basis of Article 20 of the Collective Labour Agreement for Temporary Agency Workers ('exchange of employment conditions').
Calculation example
- Your pensionable salary is € 2,300 and the number of pensionable hours is 80.
- The pension base is the pensionable salary minus the offset. The deductible is € 8.90 x 80 = € 712. The pension base is therefore € 2,300 (pensionable salary) - € 712 (the deductible) = € 1,588.
- Your employer pays the full premium: 8% of € 1,588 = € 127.04.
- Every month, 7.4% of €1,588 = €117.51 is added to your pension capital.
Premium in the Plus scheme
You and your employer pay the pension contribution together in the plus scheme. Your employer may deduct a maximum of 1/3 of the premium from your gross salary. You can see on your payslip how much pension contribution you pay. Your employer will take care of the payment of the premium to StiPP.
The contribution in the Plus Scheme is 12% of the pension base. Your employer therefore deducts a maximum of 4% of your pension base from your gross salary. The contribution is the same for everyone, but how much money is added to your pension capital depends on your age. The pension base is the pensionable salary minus the offset. The pensionable salary is:
- the salary for employee insurance with the exception of the addition as a result of the private use of a company car and;
- the employee's share in the contribution for the pension scheme and;
- the salary that has been exchanged for free allowances or free provision on the basis of Article 20 of the Collective Labour Agreement for Temporary Agency Workers ('exchange of employment conditions').
Calculation example
- Your pensionable salary is € 3,600 and the number of pensionable hours is 130.
- The pension base is the pensionable salary minus the offset. The deductible is € 8.90 x 130 = € 1,157. The pension base is therefore € 3,600 (pensionable salary) - € 1,157 (the deductible) = € 2,443.
- The total premium is 12% of € 2,443 = € 293.16. You pay a maximum of 1/3rd of this: € 97.72.
- The pension accrual in the Plus Scheme works with an age-dependent graduated scale. If you are 32 years old, your pension accrual is 6.4%. Every four weeks, 6.4% of €2,443 = €156.35 is added to your pension capital.