Pension and Retirement Benefits in the Netherlands Internal

What are the statutory pension benefits? What do they cover?

Pension contributions are not mandatory in the Netherlands; however, it is very common practice to grant pension benefits. If an employer does provide pension benefits, they are subject to strict rules.

Can an employer make direct contributions to an employee’s private pension?

No.

What are the details of Velocity Global’s pension plan in the Netherlands?

All supported employees are enrolled in our pension plan through Aegon Cappital. In the Netherlands, the employer's total contribution should be equal to a government-specified percentage. This consists of a premium for the old age pension, survivors’ pension, premium waiver in case of disability, and administration costs.