Insurance for Compagnon employees

If you are employed by Compagnon and meet the eligibility requirements, you will participate in Compagnon’s pension plan. Through this plan, you will accrue pension benefits to supplement your state pension (AOW) and any other pension benefits you may be accruing or have accrued.

As long as you participate in the pension plan, a monthly contribution will be deposited into your personal pension savings account; this is referred to as the defined contribution. This allows you to build up pension capital, which you can eventually use to purchase a lifetime pension on your retirement date. You will then decide for yourself which pension insurer to purchase your pension from.

In principle, pension contributions are invested using “Life Cycle Investing.” With this investment approach, the risk associated with the investments decreases as the retirement date approaches. You can choose the risk level for your Life Cycle, or you can create your own investment portfolio in which your contributions are invested. Various investment funds are available for this purpose.

Saving for an additional pension
If you’d like to save more for your pension, you can make additional contributions. These are deducted from your gross salary, allowing you to save in a tax-efficient manner. You can also choose to have the value of the pension you’ve accrued with previous employers transferred and deposited into your pension savings account.

Retiring earlier or later
The standard retirement ageunder the plan is 68. If you wish, you may retire earlier or later. However, this will affect the amount of your accrued pension capital and the pension benefits you can purchase with it.

When your employment ends
Upon termination of your employment, your policy will become premium-free. From that point on, no new premiums will be deposited into your pension savings account. However, your pension capital will continue to grow until you reach retirement age, depending on the annual returns generated by your investment funds.

Insights and Choices
By logging in to your pension portal with DigiD, you can get an overview of your pension and make your choices.

If you die before your state pension age, under certain conditions your partner is eligible for a benefit from the government; the ANW benefit.

Under Compagnon’s pension plan, you are covered for a survivor’s pension, which supplements the ANW benefit. In the unfortunate event that you pass away before reaching retirement age, your partner will immediately receive a lifetime partner’s pension paid out annually. Your minor and/or student children will then receive an annual orphan’s pension.

Insure an additional survivor's pension

If, upon your death, your partner is not eligible for an ANW benefit from the government (for example, if you do not have children under the age of 18, or if your partner has a sufficient income of their own), it may be wise to take out insurance to cover the ANW pension gap. In the event of your death, your partner will then receive an annual additional benefit equal to the ANW benefit. In addition to insuring the ANW gap pension, you also have the option to increase the partner pension insured for you.

The premiums for insuring the ANW gap pension and the supplementary survivor’s pension are deducted from your gross salary, allowing you to obtain additional coverage in a tax-efficient manner.

When your employment ends

In general, death benefits expire when your employment ends. As a result, your partner will not receive any benefits in the event of your death from that point forward. However, if you receive unemployment benefits after leaving your job, the survivor’s pension will remain in effect for as long as you receive those benefits.

Insight and Choices

By logging in to your pension portal with DigiD, you can view the benefits covered for your partner and children and make your selections.

If you are unable to work due to illness or an accident, your wages will continue to be paid in full or in part for up to two years. If you are still unable to work after that, you may be eligible for a government benefit known as the WIA benefit. The amount of the WIA benefit depends on the degree of your disability and whether you find new or adapted work.

Continuation of pension

If you become unable to work and receive WIA benefits, your pension contributions will continue to be paid at no cost to you. As a result, both your pension accrual and your insured survivor’s pension will remain intact, in proportion to the degree of your disability.

WGA Gap Insurance

To protect you from a significant loss of income due to disability, you are covered by Compagnon’s WGA shortfall insurance. This insurance ensures that, in the event of disability, you can expect a total income of up to 70% of your previous salary. This is based on the same salary for which you are insured under the WIA; the so-called SV salary.

WIA Excess Insurance

In addition, if you have any income above the SV wage, you will receive a benefit equal to 70% of that portion of your income in the event of total incapacity for work. The amount of the benefit is determined by the degree of incapacity for work.

When your employment ends

When your employment ends, you will no longer be covered by disability insurance. This means that if you become unable to work after leaving your job, you will not receive benefits under this insurance.