The Board has set the administration fee for participants in the Employee Selection Plan (MSP) for 2021. Mars Pension Fund has been charging these administration fees periodically again since January 1, 2020.

In 2021, these costs are set at €50.05 per year if you are employed by Mars. Are you out of service? Then these costs are lower, namely €24.62. The board fixes the costs annually. There is a maximum. The costs will never be more than 1% of your total MSP capital. And new participants do not have to pay for the first three years. Unless you have left employment again in those first three years. The fees will go into effect January 1, 2021, so they will be deducted retroactively. 

The administration fee for the MSP will be deducted from the value of your MSP account. On your retirement date you will therefore have a slightly smaller amount on your account than you might be taking into account now. You will find these amounts in your investment overview. You can find this in My Post.