Definitions and norms. A pension scheme of your employer must at least comply with the following norms: – The pension base is equal to the pensionable salary minus the state pension offset. No pension entitlements are accrued on the state pension offset because the state pension (General Old Age Pensions Act) is taken into consideration. – The pensionable salary is equal to the annual salary. The pensionable salary is capped at 1 100,000 based on a full time employment contract (from 1 January 2015). This maximum is indexed annually on grounds of the law. Individual employers can make supplementary arrangements. – The amount of the state pension offset with effect from 1 July 2014 is 1 18,141.69 and will be adjusted to the wage development agreed in this CLA. – The pension accrual percentages in the event of an indexed average pay scheme: 1.75% per year of participation and in the case of final pay: 1.5% per year of participation. – The standard retirement age is 67 years. – The lifelong (married) partner pension amounts to 70% of the old age pension reached or to be reached by the participant. – The orphan’s pension is, per child, equal to 14% of the old age pension reached or to be reached by the participant. The number of children that qualify for an orphan’s pension may be limited to two. The pension scheme should provide for the possibility to accrue pension entitlements within the context of the 00-00-000 scheme. Your employer can deviate from the minimum requirements per component if agreements are reached with the trade unions on a pension accrual percentage, state pension offset level, contribution amounts and employees’ contribution that are equivalent to these elements.
Definitions and norms. The annual income consists of the annual salary, vacation allowance and 13th month (see Chapter I General Conditions, Definitions). The annual income is maximized to the final salary of salary scale 15 of the Model Salary System (as of 1 January 2008 €102,698.89, as of 1 March 2008 €105,779.86, as of 1 March 2009 €106,837.66). Individual organizations can make supplementary arrangements. The pension base is derived from the annual income by deducting the franchise from the annual income. The franchise is adjusted to the general wage development of the CAO and amounts as of 1 January 2008 to €17,223.61, as of 1 March 2008 to €17,740.32 and as of 1 March 2009 to €17,917.72. The pension build up percentages amount to: - for indexed average pay: 1.75% per participant year; - for final pay: 1.5% per participant year. The whole life (married) partner pension amounts to 70% of the old age pension reached by the participant. The orphan’s pension is, per child, equal to 14% of the old age pension reached by the participant. The number of children that qualify for an orphan’s pension may be limited to two.
Definitions and norms. 16.5.1 The annual income consists of the annual salary, vacation allowance and 13th month (see Article 1.1.
