Common use of Alternative rule Clause in Contracts

Alternative rule. For employees with a pension-qualifying salary in excess of 10 income base amounts the bank / company and the employee may instead of the main rule make an agreement for an alternative pension solution regarding salary por- tions between 7.5 and 30 income base amounts. Such agreement may apply for pension purposes only. 9a § — Alternative pay-out of retire- ment pension‌ Retirement pension may be paid out earlier than 65 years of age if the em- ployee so wishes and for the purpose of retirement, subject to the tax regula- tions and insurance conditions in effect from time to time. Due to the change in the payment period, the retirement pension shall be cal- culated according to the pension institution’s actuarial insurance assump- tions.