Besides new rules for the return employers need to guarantee regarding supplementary pension schemes (see our web alert of November 2015), this new Act also foresees the following:
i) The employer needs to inform his employees who leave their accumulated pension reserves within the pension scheme of the (ex)employer upon termination of the employment contract of the possibility to opt for a minimum death coverage, paid by the employee, but at an advantageous rate.
ii) A supplementary pension capital may only be paid out at the moment the employee actually takes up his statutory pension. Yet, the employee can also ask for this payment as of the moment he/she meets the conditions to take up his/her statutory pension, but continues to work.
iii) It is impermissible to foresee early retirement stimulating measures in a supplementary pension scheme.