Pension

Pension Scheme for Temporary Employees (phase A) 

Since January 1st 1999, new rules have been drawn up for temporary employees who have worked for at least 26 weeks (6 months) for the same agency. One of the new rules is that you will participate in a pension fund for temporary workers as soon as you reach working week 26. This is not optional.

To be able to participate in the pension scheme you have to be:

• Over 21 years of age.
• A temporary worker for the same agency for at least 26 weeks.

Important

If you are a participant in the pension scheme and you change recruitment agencies, you stay a participant in the pension scheme.

How does this procedure work?

You, as a temporary worker, do not have to take any action. The agency will arrange your application for the pension fund.

The pension fund will keep you updated on a yearly basis, so you will know the amount of your personal savings account, which are your pension savings. These savings are the basis of your pension.

As soon as you have reached the age of 65, these savings will be refunded to you as an old age pension (or, in the case of you having passed away before the age of 65, as a widow(er) pension to your eligible partner or children).

The premium?

The total premium is 2.6%. Only the agency will pay the premium. To be able to build up the pension, the agency will pay a weekly premium to the pension fund, based on the number of hours worked.

Undutchables is a member of the umbrella organization for recruitment agencies (= ABU) and is obliged to participate in this pension scheme.

The pension fund (StiPP) is responsible for the administration and the savings of the pension.

Most important details of the pension:

If you change agencies and you are already a participant of the pension scheme,  you will stay a participant.

Even if you change your contract (from one employer to another) you will still participate in the pension scheme.

IMPORTANT NOTE: please be aware that not all agencies are a member of the ABU and not all agencies have to participate in this pension scheme.

If you stop working for less than a year for a recruitment agency your interest will still grow in the pension fund. If you stop working for a recruitment agency for more than a year, you will no longer participate in the pension fund. The pension that you have built up can be transferred to another pension fund – for example, if you find a permanent position with a company rather than with an agency.

For more information:

Please contact PVF Pensioenen at 020-607 4444 (during working hours),

Or visit the website of the StiPP at www.stippensioen.nl

Or sent a letter to:

StiPP
p/a PVF Achmea
Postbus 9251
1006 AG Amsterdam

You can also ask your consultant for more information.