maturity on 1 Feb 2025
This is where
you will see the amount that you will be entitled to collect if you are still
alive on the expected retirement date. In most cases, the retirement age has
been set at 65.
This is the gross amount claimable on the expected retirement date if you are
no longer working as of the status date (see date on benefits statement).
also assumes that you have kept your reserves invested in your AG Employee Benefits
plan. Any change in your circumstances after the status date (such as part-time
employment) will impact the value of your vested benefits.
Lump sum (including vested benefits)
If you are still employed with the same company by the time you retire, you
will be entitled to collect the estimated benefits as well as the benefits that
have vested through profit sharing.
words, the value may vary if there has been a change in the variables used to
make the calculations (e.g. your salary or working time percentage).
general rule, your benefits should increase every year to keep up with salary
increases (due to indexation, pay raises, etc.). However, your benefits could
also decrease, for example, if you reduce your working time percentage or leave