Your employer considers your pension important. That is why Wolters Kluwer Holding Nederland pays a large portion of your pension premium. Pension is an expensive employment condition, but a valuable one as well. Wolters Kluwer Holding Nederland has concluded an agreement with Pensioenfonds Wolters Kluwer Nederland. The pension fund must ensure that the pension plan you have agreed with your employer — in accordance with the agreements made in the CLA and social pension committee — is implemented properly.
The pension fund is an independent foundation that promotes the interests of all employees, former employees and pensioners in an equal and balanced manner. This is the task of the management. The regulators De Nederlandsche Bank and the Autoriteit Financiële Markten ensure that this is carried out properly. No one receives special treatment. The interests of both young and old are represented equally well.
The total premium for your pension accrual is 24% of your fixed gross salary plus 8% holiday allowance exceeding €14,802. Wolters Kluwer Nederland pays 2/3 (16%) of this premium. You pay the remaining 8%. Based on this premium, you accrue an annual 1.58% of the amount over and above €14,802 in pension with a planned retirement age of 68 years. These percentages and amounts apply to 2022.
Due to the historically low interest rates at the end of 2021, the pension premium of 24% proved to be unsufficient to achieve a pension accrual that was acceptable to the social partners. Wolters Kluwer therefore agreed to a one-year increase in the pension premium to 28%, so an accrual rate of 1.58% could be determined for 2022. The additional 4% will be paid in full by Wolters Kluwer Netherlands in 2022.
For the year 2023 and beyond, the social partners will take a new decision on the premium, which may be 24%. Based on the interest rate at the end of 2021, the accrual rate at a premium of 24% in 2023 will be significantly lower than the 1.58% set for 2022.
As a result of the reduction in the accrual percentage in 2022 from 1.875% to 1.58%, the partner’s and orphan's pension for active participants will also be lower. Social partners considered this undesirable and therefore agreed to award this pension amount as much as possible retrospectively. Therefore, in the event of the death of active members during employment, the future pension accrual (from the date of death until the age of 68) for the determination of the partner's and orphans’ pension to be paid will be based on an accrual percentage of 1.875% instead of 1.58%. In this way, a reduction of the partner's and orphan's pension in the event of prior death is limited as much as possible.
Each year, you accumulate more capital for your final pension benefit. The pension plan is an average wage plan, which is to say that the annual accrual is linked to the fixed salary plus 8% of holiday allowance you earn in that year. Your final pension will therefore reflect the capital you have earned on average over the years you have participated in the pension plan. The more you earn, the more pension you accrue. You accumulate pension capital up to an annual salary of €114,866 (amount for 2022).
The big pension question is: will you have sufficient when you retire? That is a question only you can answer, for it partly depends on your expenditure and partly on your total (family) income upon retirement. To clarify this question, there is a tool available, called ‘Pensioenschijf-van-vijf’. You can translate this webpage into English. You can also find more information on this issue on www.Mijnpensioenoverzicht.nl.
If you are married or registered as a partner, your pension is also linked to your partner. Your partner will receive life-long pension upon your death. The same applies if you have a partner with whom you live together and have signed a cohabitation contract with. In that case, you do need to send a copy of the cohabitation contract to the pension fund to register your partner. Also, upon termination of the relationship with your married or registered partner, part of the pension you have accrued will be for your ex-partner. This is regulated by law, unless you decide to agree otherwise. You can find more information on this issue on the pension fund’s website www.pensioen-wk.nl.
You have a number of choices to make as you approach the retirement date.
Hoewel SPWKN haar website met de grootst mogelijke zorgvuldigheid heeft samengesteld, aanvaardt het fonds geen aansprakelijkheid voor onjuistheid en/of onvolledigheid van de informatie op de website en het gebruik en interpretatie daarvan.
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