How do you accrue pension?

Your defined contribution is determined on a portion of your gross salary. Part of the salary is sometimes not taken into account for pension accrual. For more information, refer to Article 7.2 of the Plus Pension Regulations. The salary that counts towards pension accrual is called the pensionable salary. The defined contribution is a percentage of your pensionable salary minus the deductible (the portion of the salary on which you do not accrue pension because you receive AOW pension).

Mr Jansen earns €600.00 in a 40-hour working week. The offset for that week is 40 hours x €8.90 = €356.00 and the pension basis is then: €600.00 - €356.00 = €244.00.

The defined contribution for Mr Jansen's pension plan in that week is: €244.00 x 20% = €48.8018.79.