The Plus Scheme is a defined contribution scheme. Money is deposited into your investment account for you every month. StiPP invests this money for you. The money invested and the investment result together form your pension capital. When you retire, you use the pension capital to buy a monthly pension benefit.
The premium and what has been arranged
In the Plus Scheme, you pay the contribution for your pension together with your employer. In the Plus Scheme, you accrue more pension than in the Basic Scheme and, in addition to married and registered partners, cohabitants are also entitled to a partner's pension. In addition, you will continue to accrue pension in the Plus Scheme (under certain conditions) if you become incapacitated for work during your employment.
The deposit
A percentage (based on your age) of your pension base (which is calculated on the basis of your salary) is deposited into your investment account. The pension base is the pensionable salary minus the franchise (2025: € 8.90 per hour). Please note: StiPP has a maximum pensionable hourly wage. This will be € 40.53 per hour in 2025 and will be determined annually. You do not accrue pension above this hourly wage. The table below shows the percentage of the pension base that is deposited into your investment account.
|
Savingtime |
Defined contribution as % of |
| 18 - 24 years | 4,3% |
|
25 - 29 years |
5,2% |
|
30 - 34 years |
6,4% |
|
35 - 39 years |
7,7% |
|
40 - 44 years |
9,4% |
|
45 - 49 years |
11,5% |
|
50 - 54 years |
14,1% |
|
55 - 59 years |
17,4% |
|
60 - 64 years |
21,5% |
|
65 - 67 years |
25,8% |
A 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.
Investment result
StiPP invests your pension capital and that of all other participants. Every month we take stock. Is there a positive result? Then you will receive a return and your pension capital will be higher. Is there a negative result? Then we process this (negative) return and your pension capital will be lower.
Purchasing a pension benefit
When you retire, you use the pension capital to buy a pension benefit. How much pension you buy depends on the amount of your pension capital and the rates at that time. On your retirement date, you also choose whether you want to purchase a survivor's pension from your pension capital.