Scheme Overview

The two policies are offered depending upon the business the employee works for:

• Factiva Business Information (Spain) S.L. has a mixed Insured Qualified Pension Scheme (PPSE): DC plan plus an additional lump sum in case of death and permanent disability. Since 2022. As the PPSE has an annual contribution limit of €10.000, a Top Up Plan (a group life insurance policy) has been implemented.
• DowJones & Company Inc: DC Plan, financed with Unit Linked group life insurance policy.

Scheme Provider

• Factiva Business Information Nationale-Nederlanden Vida Compañía de Seguros y Reaseguros, S.A.E. 
• Dow Jones & Company Inc AEGON.

Eligibility

Factiva Business Information (Spain) S.L.: All employees can join the plan however if employees leave before one years’ service they forfeit their pension contributions. 

Dow Jones & Company Inc: All employees can join the plan after completing 1 month’s service.

Note : New joiners need to opt into the plan as enrollment is not automatic. You will receive an email from Benefit Hub after completing 1 month’s service with instructions on how to opt into the pension plan.

Contribution Rates

Factiva Business Information (Spain) S.L.:

The contributions will be made by the Company and, where appropriate, by the Members, within the legal limits as established in these Rules, the contribution rates are as follows:

• Employee 0%, Employer 2%
• Employee 1%, Employer 3%
• Employee 2%, Employer 4%
• Employee 3%, Employer 5%

Pensionable Salary is defined as annual gross fixed salary at January 1st each year.

Dow Jones & Company Inc: the contribution rates are as follows:

• Employee 0%, Employer 5%

Pensionable Salary is defined as annual gross fixed salary.

If you have any further questions about the pension plan, please see the detailed FAQ’s listed on the Benefit Hub under ‘more info’ on the Pension benefit tile. 

If you need more help, please reach out to emeabenefits@dowjones.com