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A) Important Role Employees Counsel (EC)
- The EC has i.e. the right to concur with proposed changes to the existing pension plan.
- As many companies try to substantially decrease the amount of pension premium due to low interest rates, this role is important.
- In this process the EC has for example to take into account the amount and kind of proposed new pension claims as well as the amount of own contribution.
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B) Pensions Complex Theme
Pensions is a complex theme for the EC:
- There are many divers legal/tax/actuarial/product rules and specifications.
- The EC has to compare several kind of pension providers.
- The EC has to compare several kind of pension systems/pension claims/capital-risk coverages.
- The EC has to take into account the current and future situation and anticipate.
- The EC has to communicate with The Board as well as the Employees it represents.
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C) Services for EC: Insight without Technicalities
Towards the EC we present clear communications on headlines: Insight without technicalities.
It is our pleasure to assist the EC with the following services:
- Workshop about pension legislation/systems/providers/claims/funding/own contribution /indexation/how to act as EC in pension mutation procedure. After which the EC can fulfill its role with confidence.
- Consultancy about whether or not to consent with the proposed changes.
- Communications towards The Board as well as the Employees it represents.