As of January 1, 2015, the final pay plan and the ARP/ASP plan will be adjusted. This is because the government has decided that you can accrue less tax-free pension each year. MPF is obliged to adjust the pension plan to this new legislation.
To whom do the changes apply?
Everyone who is still accruing pension with Mars will be affected by the changes. That means the people who are currently working for Mars and the disabled participants who left Mars.
You have received a letter about the changes. We have summarized the most important changes.
Do you receive a pension or have you accrued a pension at Mars Pensioenfonds?
Then the changes in the plan will not affect you.
What is the main change in the final pay plan?
As of January 1, 2015, you accrue 1.657% per year (was 1.9%). In addition, you may no longer accrue pension over the pensionable salary portion above EUR 100,000. This limit does not apply to the occupational disability pension.
What does this mean for you?
You accrue less retirement pension over the future years and therefore the partner pension is also lower.
Check your financial situation!
We advise you to check your financial situation. You can use various sources of information, such as the planner on the website. You may want to revise your financial planning. Think about both your own pension upon retirement and the pension for your partner and children in the event of your death.
Website will be adjusted
The information on the website is still based on the pension plan up to 1 January 2015. The website will be adapted to the new pension plan by the end of January at the latest. The pension planner for the final pay plan has already been adjusted to the new plan.
What are the major changes to the ARP/ASP plan?
The premium rate that Mars pays for you for the ARP/ASP plan is changing. There will no longer be a premium withheld or paid on the portion of salary above €100,000.
The partner's pension on death during active service will be lower.
The interest addition to the capital in the ARP plan will from now on depend on the returns of Mars Pension Fund (MPF).
When you retire, you can use the ARP capital to purchase a pension from MPF. The purchase rates that apply to this have been increased.
What does this mean for you?
Your pension capital will develop differently than before. And the pension for your partner and children if you die during employment will be lower.
Check your financial situation!
We advise you to check your financial situation. You can use various sources of information, such as the planner on the website. You may want to revise your financial planning. Think about both your own pension upon retirement and the pension for your partner and children in the event of your death.
Website will be adjusted
The information on the website is still based on the pension plan up to 1 January 2015. The website will be adapted to the new pension plan by the end of January at the latest. We expect your pension planner to be adjusted to the new 2015 plan in March 2015.