Pension Overview for The Netherlands
Country Overview
Employees do have a limit to the size of pension they are able to accrue over a financial year and a lifetime. There are specific rules on high earners and the level of contributions they are now able to accrue each financial year.
Scheme Overview
Dow Jones has a Defined contribution scheme with a.s.r., which has been in place since 2014.
Scheme Provider: a.s.r.
Eligibility
All employees of 21 years old or older
Contribution Rates
All employees are eligible from their first day of employment. The employees do not contribute to the pension plan. The total contribution is a percentage of the pension base and is age-related:
| Age bracket | Contribution |
| 21-24 | 4.70% |
| 25-29 | 5.70% |
| 30-34 | 6.90% |
| 35-39 | 8.40% |
| 40-44 | 10.20% |
| 45-49 | 12.50% |
| 50-54 | 15.40% |
| 55-59 | 18.90% |
| 60-64 | 23.60% |
| 65-67 | 27.70% |
The pension plan includes Partner’s pension offering a benefit of :
- 1.16% x pension base x attainable service years ( Before Retirement Age)
- 70% of purchased lifelong retirement pension (After Retirement Age)
And Orphans’ pension offering a benefit of 20% of partner’s pension coverage up to age 27.