SUPPLEMENTARY PENSION SCHEMES
| NETHERLANDS |
| AANVULLENDE PENSIOENREGELINGEN SUPPLEMENTARY PENSION SCHEMES |
Collective pension schemes for particular groups of employees or self-employed persons, providing a supplement to the basic pension provided under the General Old Age Pensions Act (see state old-age pension ). Occupational pension schemes (bedrijfspensioenregelingen ) are the major example; these are based on the assurance by employers of pension cover for their employees, which under the 1952 Pension and Savings Funds Act must be done by joining an industry-level pension fund (bedrijfspensioenfonds ), setting up a company pension fund (ondernemingspensioenfonds ) or taking out pension insurance for employees with an insurance company. Employers are in principle free to choose whether or not to arrange pension cover, but may be obliged to do so under a collective agreement or the Act concerning compulsory membership of an industry-level pension fund.
In addition to such occupational pension schemes, various professions have their own forms of pension provision and government personnel are similarly covered by separate pension arrangements, accumulating a pension in the General Civil Pension Fund.
In the private sector, the costs of supplementary pension schemes are financed either wholly by employers or partly by employers and partly by employees. Public servants' pensions are financed partly by the government and partly from contributions paid by public servants themselves.
Please note: the European industrial relations glossaries were compiled between 1991 and 2003 and are not updated. For current material see the European industrial relations dictionary.