At 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). This 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 simulated lump sum as well as the benefits that
have vested through profit sharing.
What exactly do we mean by "simulated lump sum"?
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). As a 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 the company.