Art. 32. In the same law an article 14/3 is inserted, reading: “Art. 14/3. § 1. The difference in treatment that is based on the distinction between blue-collar and white-collar workers, does not constitute any discrimination, referred to in Article 14, § 1, first paragraph, for the periods of employment between January 1st 2015 and January 1st 2025, if the difference in treatment in a pension system was introduced before January 1st 2015. The in the first paragraph meant difference in treatment, for the periods of employment between January 1st 2015 and January 1st 2025, does not constitute any discrimination, referred to in Article 14, § 1, first paragraph, on condition that the employer subscribes to a process to end the differences in treatment by January 1st 2025 at the latest, taking into account what occurs in that area in the joint committee and/or the joint committees and/or the joint subcommittee and/or the joint subcommittees where he is subject to.*
MAY 2014. - Law amending the retirement pension and the survivor’s pension and introducing the transition allowance in the pension scheme for employees and law on gradual repeal of the differences in treatment that are based on the difference between blue-collar and white-collar workers regarding supplementary pensions.
Read onUntil about a few years ago every company had a group insurance in an assurance contract branch 21. A branch 21 pension product guarantees a certain return on the accumulated pension reserves next to the retention of the deposit (the paid premiums). This guaranteed return can be raised every year with a (unsecured) profit sharing.
This choice is based on a philosophy of safety and security. The employer wants to limit his financial risks. So he chooses for a pension solution with an obligation of result.
Read onFinancial institutions are creative on the subject of coming up with new terms that express a cost on a premium or a saved reserve. The list is almost infinite: entry costs, exit costs, management costs, collection costs, transfer costs, advance costs, administration costs, … we can keep going on like this for a while.
This makes it hard for an entrepreneur or a company to still see the wood for the trees. In this tangle of possible costs it is only logical that in many cases people are not aware of the costs that are applied to a collective or individual supplementary pension. Even when one officially receives the cost structure, it is difficult to make the comparison with the offer on the market.
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