VAPW, Free Supplementary Pension for Employees

When an employee leaves service and subsequently joins a new employer, and in doing so is either not enrolled in a supplementary pension plan or is enrolled in a very low pension plan, then under certain conditions they can continue saving for a supplementary pension themselves. This is possible via the free supplementary pension for employees.

• For 2022, the maximum premium for a VAPW is 3% of the reference salary (up to 55 666,67 euro), with a maximum of 1 670 euro.
• For 2021, the maximum premium for a VAPW is 3% of the reference salary (up to 54 333,33 euro), with a maximum of 1 630 euro.
• For 2020, the maximum premium for a VAPW is 3% of the reference salary (up to 54 000,00 euro), with a maximum of 1 620 euro.

The premium is reduced taking into account the pension reserves already accrued in the second pillar under a group insurance or sector plan.

This reference salary is the annual gross salary of the second year preceding the year of accrual, and before deduction of social security contributions.