The C&A Group Pension Fund is a defined contribution plan. The savings process in the defined contribution plan is transparent and functions like a savings account. Insured members pay in monthly contributions jointly with their employer. These amounts are then credited individually and, together with interest, invested benefits brought into the fund and purchases of additional benefits, they form the retirement capital. Any early withdrawals for home ownership or any payments for an apportionment on divorce are deducted from the retirement capital.
The retirement pension is calculated by taking the actual retirement capital and multiplying it by the conversion rate stipulated in the Regulations.
A registered partnership within the meaning of the Partnership Act is equivalent to marriage.
The following description of benefits has been simplified to provide an overview. The provisions of the pension fund regulations are authoritative.
The pension fund operates various pension plans in accordance with the provisions of the pension fund regulations. The individual pension plans are available from the administration for the employees included in them.