Common use of Calculating the premium for the waiver of contribution Clause in Contracts

Calculating the premium for the waiver of contribution. The premium for the waiver of contribution in the event of disability is a percentage of the defined contribution. The level of this percentage is stated in the ‘Key Data Pensioenabonnement’. This premium for the waiver of contribution in the event of disability is charged to you and paid by you. Example calculation 6 Let’s assume the participant is 51 years of age and the defined contribution is € 361.96 gross per month and the surcharge for the waiver of contribution is 4.00%. And the participant’s own contribution is € 200.00 gross per month. The UWV has declared him/her disabled for 65%. The percentage of waiver is then 72.5% (see table in the Pension Regulations). You adjust this yourself in your payroll processing system. For insured pensions (the partner’s and orphan’s pension and ANW shortfall pension) this premium has already been processed in the rates. The ‘Costs, Rates and Assumptions’ annex explains how that is done.

Calculating the premium for the waiver of contribution. The premium contribution for the waiver of contribution in the event of disability is a percentage of the defined contribution. The level of this percentage is stated in the ‘Key Data Pensioenabonnement’. This premium for the waiver of contribution in the event of disability is charged to you and paid by you. Example calculation 6 Let’s assume the participant is 51 years of age and the defined contribution is € 361.96 gross per month and the surcharge for the waiver of contribution is 4.00%. And the participant’s own contribution is € 200.00 gross per month. The UWV has declared him/her disabled for determines that the participant’s occupational disability is 65%. The percentage of waiver is then 72.5% (see table in the Pension Regulations). You adjust this yourself in your payroll processing system. For the insured pensions (the partner’s and orphan’s pension and the ANW shortfall pension) ), this premium has already been processed accounted for in the rates. The ‘Costs, Rates and Assumptions’ annex explains how that is done.