Pension Scheme. ▪ There has been a clear signal from bpfBOUW pension scheme that, from 2022, they will not be able to execute the current pension scheme at the current premium rates (2021: 25.0% of the pension base). ▪ Based on the premium policy and the revised economic outlook of bpfBOUW, and based on the situation in Q1 2021 and an unchanged pension scheme, the premium for 2022 is expected to be around 28% of the pension base. ▪ Parties to the collective agreement propose a premium budget of 26.0% of the pension base for the year 2022. If bpfBOUW is unable to execute the current pension scheme at this premium percentage, the scheme will be adjusted by a reduction of the accrual rate for the year 2022 to the level that is required to ensure a balanced financial position in 2022 (2021: 1.738%). Parties to the collective agreement are making every effort to reach an agreement on this with parties to other collective agreements that have also placed their pension schemes with bpfBOUW.
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement