Calculating the net defined contribution for Pension Sample Clauses

Calculating the net defined contribution for Pension. The amount of the net defined contribution is stated in Section 4.1 ‘Net defined contribution’ of the Aegon Cappital Net Pension Regulations. This subsection also includes an example calculation. A participant who has opted for a net defined contribution for the accrual of Investment Pension chooses how much contribution he/she wishes to pay. He/she can choose any whole percentage from 25% up to and including 100% of the percentage of the pensionable earnings applying to his/her age according to the maximum defined contribution table. The age we use is the participant’s age on 31 January of each year. The net defined contribution is subsequently used for Investment Pension. Each month, we deduct the insurance premium for the cover for the waiver of contribution in the event of disability from the contribution opted for by the participant. If a participant also opts for the net partner and orphan’s pension, we deduct the insurance premium from that contribution each month. More information about the Investment Pension can be found in Sections 4 (‘Accrual of pension’) and 8 (‘Death’) of the Aegon Cappital Net Pension Regulations. The net defined contribution is charged to you and paid by you.
Sample 1
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Calculating the net defined contribution for Pension. The amount of the net defined contribution is stated in Section 4.1 ‘Net defined contribution’ of the Aegon Cappital Net Pension Regulations. This subsection also includes an example calculation. A participant who has opted for a net defined contribution for the accrual of Investment Pension chooses a percentage of their pensionable earnings to set their net defined contribution. The maximum percentage is
Sample 1

Related to Calculating the net defined contribution for Pension

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