This is a combination of an average salary scheme and an available contributory scheme. With a hybrid scheme, employees build up pension up to a certain salary limit through an average salary scheme. Above that limit, they build up capital through an available contributory scheme.
The amount of the final pension depends on: - the average salary of an employee; - the number of years that an employee builds up pension; - the age at which an employee retires; - the pension premium already paid; - the investment return that we achieve; - the investment choice the employee makes - the rates when the pension is purchased.
This is also included in the scheme
partnerpension
a maximum of 70% of the retirement pension
orphan's pension
20% of the partner pension
non-contributory building up
with invalidity
lifecycle
the older the employee, the lower the investment risk
