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.
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.
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.