Premiums (excl. taxes)
This is where you will find an overview of the employer and/or individual premiums that serve to fund your Retirement and/or Death benefit coverage.
To ensure that there are sufficient resources in the pension plan to cover the Retirement liabilities, your employer has set aside contributions in a financing fund. The financing fund is a collectively held reserve under group management that is used to fulfil the pension plan benefit obligations. The size of the contribution is calculated for all plan participants combined.
Retirement benefits are paid directly out of the financing fund when the plan participants reach retirement age.