The specified monthly contributions must be permissible, i.e. they must amount to at least 20 EUR and to no more than 7.4% of the social security contribution ceiling (SSCC) of the statutory pension insurance. The deferral can be made in EUR steps. Your monthly contribution in deferred gross compensation may include an employer subsidy.

The annual contributions for the additional risk insurance you have selected are deducted from the assets available on your custody account in December and thus reduce your retirement assets. Due to risk coverage will be only considered up to the age of 60 in the calculation.

In case you die after the pension payment has begun, the person you have nominated as beneficiary will then receive a life-long survivor’s pension in the amount of 60% of your insured retirement pension. The calculation of an additional survivor’s insurance is based on the assumption that for male plan participants the beneficiary is 2.5 years younger; for female plan participants it is assumed that the beneficiary is 2.5 years older.

An underlying 2.9% annual growth rate has been defined in the calculation of the fund’s average growth rate. In an environment of low interest rates, a higher longer term growth rate (e.g. 5%) will be difficult to achieve.