| Your employer pays the contribution for your pension accrual. You contribute towards this by paying an employee’s contribution, which is deducted from your salary. The total premium amount is 23.4% of the pension base. In addition to the defined contribution to accrue capital, this pension plan includes insurance premiums for partner’s and orphan’s pension insurance and for continuing pension accrual in the event of occupational disability. The contributions for this insurance plus the operating costs are paid from the difference between the defined contribution and the contribution paid. Your contribution is shown in your payslip. You pay 7.5% of the pension base. |
