In this video, we explain in a few steps to arranging a pension for your employees.
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Business.gov.nl
Information for entrepreneurs.
Step-by-step plan to arranging a pension for your employees.

Host Claire King:
Are you hiring staff for the first time?
You need to think about pensions for your employees.

Some industries have a mandatory pension scheme.
In other sectors, you can choose whether to offer a pension. 

In this video, I will explain how to arrange a pension scheme... should you need or want to do so.

Let’s get started, with step 1: prepare.

Check whether you are covered by a sector pension fund.

Some sectors have a mandatory pension scheme.
This is called a Bpf.

You must offer employees a pension from that sector's pension fund.
Check with the Ministry of Social Affairs and Employment (SZW) to find out if this is the case for your company.

See if you need to take out a mandatory occupational pension scheme.

An occupational pension scheme is mandatory for some professions.
Such as notaries and health care professionals.

Do you yourself fall under such a scheme?
Then this pension scheme does not apply to your employees.

You can offer them another pension scheme.
Read what your collective labour agreement says about pensions.

Even if your company does not have an industry pension fund, the collective labour agreement may require you to arrange pensions for your staff.

Now proceed to step 2: get started.

Consider offering a company pension scheme.

Is there no mandatory scheme?
Well then you can decide whether to offer a pension or not... and what the scheme looks like.

For example, you can set up a company pension fund.
Or take out pension insurance.

Your employees contribute to the pension premium.
Your employees must contribute to their supplementary pension.

Are you covered by a mandatory pension scheme?
Then the scheme or collective agreement states... the maximum contribution your employees can make.

Contributing less is also allowed.

Let's go to the next step: consider rules & regulations.

Meet your duty of care.

The pension administrator informs your employees about the pension scheme.
A pension administrator is the pension fund or pension insurer where your employee builds up a pension.

You must also inform staff about some pension matters yourself.
For example, how soon will they receive a pension offer?

And who the pension administrator is.
Meet your registration and payment obligations.

Are you obliged to offer your employees a pension scheme?
Then sign them up on time.

Also pay pension contributions on time.

Are you not doing this as agreed?
Well then the pension administrator may take steps to ensure that the contributions are paid.

We move on to the last step: good to know.

You can't just change your pension scheme.

A pension scheme is a condition of employment.
You may not change it without your employees’ consent.

In some cases, the pension scheme or collective agreement states that this is possible.
But only in serious circumstances.
For example, if you are in danger of going bankrupt.

Now you know how to manage your staff's pension affairs correctly.

Want to know more about managing employees?

Visit Business.gov.nl.

And good luck!

A title appears on screen.
Business.gov.nl 
Information for entrepreneurs.