Pension is now becoming increasingly more important as a condition of employment. The trend is that an increasing number of companies on Curacao arrange a pension plan for their employees. In this manner, employers to provide their personnel with a valuable extra benefit.

Often a limited budget prevents an employer from choosing a group pension plan for its personnel. ENNIA's Budget Pension plan also offers a solution for these companies.

Why choose ENNIA's Budget Pension?

• It's easy to start and affordable because of favorable premiums.
• Tax benefits: The employer's portion of the premium is tax deductible.
• Transparent: ENNIA's group contracts are clear, comprehendible and transparent.
• Careful maintenance of administrative records.
• e-Employer is an exclusive extranet developed by ENNIA for its employer clients.
• Additional tool for attracting and retaining good employees.

ENNIA's Budget Pension is ideally suited for companies:

• That have a limited budget, but want to offer a group pension plan.

• That want to offer a flexible basic pension plan that can be converted in the future into an extensive pension plan including for example complete beneficiary's pension and disability pension.

No two organizations are the same. ENNIA offers a Budget Pension plan that is the perfect fit for your company.

ENNIA's Budget Pension plan is a group pension plan based on a pre-defined contribution. This premium is 3% of an employee's gross annual salary. The premium is used to increase capital in the employee's pension fund.
Upon retirement, the capital in the employee's pension fund is converted into lifelong monthly payments which are in addition to governmental AOV pension payments.

• Waiver of premiums in the event of disability is also included in the insurance plan. This means that if an employee becomes disabled, their pension fund continues to increase normally. But you as the employer no longer need to pay the employer's part of the premium!

• In addition to this basic structure, an additional NAf 25,000 is also included in the insurance plan. This additional sum is paid out upon an emplyee's death, if it occurs prior to their retirement date.

• A NAf 25,000 benefit is paid out in the event of disability caused by an accident.

Example for a 25 year old employee. Amounts are in NAf.
Monthly income                                                                          1,500                     2,000
Employer's portion of premium                                                    45                           60
Employer's tax benefit                                                                    13.50                     18.00
Net cost to employer                                                                       31.50                    42.00
Governmental AOV pension beginning at 60 years old         818                        818
Monthly pension beginning at 60 years old                              209                        279

Total income beginning at 60 years old                                 1,027                     1,097

Your Budget Pension plan is a personalized product, yet the cost is minimal.
ENNIA or your independent insurance adviser would be pleased to explain the benefits to you!

Click below to download forms and brochures.

e-Employer_ENG

e-Employer_NED 

Would you like additional information about ENNIA's Budget Pension or other pension solutions for your employees? An ENNIA representative would be glad to assist you with sound advice.

mail pensioen@ennia.com or call 434-3885.

Take care of your pension by filling in the form below. An ENNIA representative will contact you within 24 hours with no-obligations advice.

If you have questions or want to make an appointment, click here.