Calculating the premium for the waiver of contribution Sample Clauses

Calculating the premium for the waiver of contribution. The premium for the waiver of contribution in the event of disability is a percentage of the premium. The level of this percentage is stated in the ‘Costs, Rates and Assumptions’ annex. Section 9 (‘Disability’) of the Aegon Cappital Net Pension Regulations (elipsLife Variant) includes an example calculation . This premium for the waiver of contribution in the event of disability is charged to you and paid by you. For insured pensions (the net partner’s and orphan’s pension) this premium has already been processed in the rates. The ‘Costs, Rates and Assumptions’ annex explains how that is done.
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Calculating the premium for the waiver of contribution. The contribution for the waiver of contribution in the event of disability is a percentage of the defined contribution. The level of this percentage is stated in the ‘Key Data Pensioenabonnement’. This premium for the waiver of contribution in the event of disability is charged to you and paid by you. Example calculation 6 Waiver of contribution in the event of occupational disability Let’s assume the participant is 51 and the defined contribution is € 361.96 gross per month and the surcharge for the waiver of contribution is 4.00%. And the participant’s own contribution is € 200.00 gross per month. The premium for the waiver of contribution is then € 361.96 × 4.00% = € 14.48 per month. The UWV determines that the participant’s occupational disability is 65%. The percentage of waiver is then 72.5% (see table in the Pension Regulations). He/she retains the right to the defined contribution of € 361.96 per month. You only need to pay 27.5% of this (i.e. 100% minus 72.5%) of € 361.96. This is € 99.54. The own contribution is also reduced to 27.5%, i.e. to € 55.00 per month. You adjust this yourself in your payroll processing system. For the insured pensions (the partner’s and orphan’s pension and the ANW shortfall pension), this premium has already been accounted for in the rates. The ‘Costs, Rates and Assumptions’ annex explains how that is done.
Calculating the premium for the waiver of contribution. Until no later than two years before you reach your state pension age, you pay risk premiums for the waiver of contribution. The premium for the waiver of contribution in the event of disability is a percentage of the contribution. The level of this percentage is stated in the ‘Costs, Rates and Assumptions’ annex. Section 9 (‘Disability’) of the Aegon Cappital Net Pension Regulations includes an example calculation. This premium for the waiver of contribution in the event of disability is charged to you and paid by you. For the insured pensions (the net partner’s and orphan’s pension), this premium has already been accounted for in the rates. The ‘Costs, Rates and Assumptions’ annex explains how that is done.

Related to Calculating the premium for the waiver of contribution

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