Both you and your employer pay for your pension
Both you and your employer contribute to your pension The amount of the contribution is agreed between the employer (IFF) and the social partners (the unions and the Works Council). You pay the premium for:
- Retirement pension for you
- Partner’s pension for your partner or former partner and any children you have
The contribution is divided as follows:
- IFF pays in 2024 a contribution of 14% of your salary
- Employees joining IFF after 1 January 2003 pay in 2024 7% of the pension base* as their pension contribution. Other arrangements apply to employees already in service before 2003, see the contribution table for details.
Since the contribution is not sufficient in itself to accrue sufficient pension capital for all members, the pension fund invests the money with the aim of generating a return.
* The pension base is your salary, plus holiday allowance, plus the 13th month payment, plus any shift allowance and less the state pension offset.
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Log in with DigiDFrequently Asked Questions
Pension is an employment benefit like salary, holiday days or a company car. IFF and the employee organisations set the content of the pension scheme and the amount of contribution that you pay. The fund’s Board of Trustees checks to see if it can administer the scheme on the basis of the agreed contribution.
You receive a lifelong retirement pension from your retirement date.
In the event of your death, your partner (if applicable) will receive a partner’s pension. In the event of your death, your children will be eligible for orphan’s pension, subject to certain conditions.
A return is needed to be able to offer a good pension at a later date. Putting money in a savings account is not enough. Since investing involves risk, we do our best to ensure that all risks are managed as effectively as possible. This means the fund can generally achieve a decent return at an acceptable level of risk. Read more about Investing for your pension.
