A PPI must offer employees sufficient guarantees and safeguards. AEGON PPI was therefore designed for security.
How does your employee build a pension?
Your employee invests individually to build a pension. Each employee has his or her own investment account. Every month you pay an amount – known as the defined contribution – into this investment account. The defined contribution is invested in one or more investment funds, depending on the employee’s choice of investment method.
On retirement date, your employee uses the accrued balance to purchase a lifelong pension. The size of the pension depends on the balance in the investment account and the market interest rate for purchasing a pension at that time. Your employee is free to purchase the pension from any insurer.
Security for partner and children if your employee dies
A full survivor pension is insured for your employee. If your employee dies before retirement, this survivor pension is paid out to the survivors. The balance in the investment account reverts to the other AEGON PPI members.
Secure pension accrual if the employee is incapacitated for work
If your employee becomes incapacitated for work, his pension accrual is wholly or partly continued, depending on the disability percentage.
Optional guaranteed pension
Your employees can opt to convert the investment account balance into a guaranteed pension.
