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TFR on supplementary pension fund

=Company policy for the payment of severance pay into a supplementary pension fund=

Introduction​

At UNGUESS, we recognise the importance of ensuring the financial security of our employees even after retirement. For this reason, we support the possibility of joining a supplementary pension fund, which allows you to supplement your public pension through voluntary contributions. In addition, we provide a service for the payment of severance pay (TFR) to the pension fund, offering employees an option to optimally manage their financial future.

What is a supplementary pension fund?​

A supplementary pension fund is a means of supplementing the public pension through voluntary contributions by employees and sometimes by the company. These contributions are invested to generate returns over time, increasing the individual's pension capital at retirement. The supplementary pension fund offers more flexibility and personalisation possibilities than the public pension, allowing employees to plan their future more actively.

How to apply for payment of severance pay to the pension fund​

Application to join the supplementary pension fund: Employees interested in joining the supplementary pension fund must choose which fund to join, contact it independently and fill in the appropriate application form. On the form, you can indicate the percentage of your salary that you wish to allocate to the supplementary pension fund.

Authorisation for the payment of severance pay: If an employee decides to allocate part or all of his or her severance pay to the supplementary pension fund, he or she must complete and submit the authorisation form for the payment of severance pay, together with the fund's membership form. This form is available here.

Change: Employees may change the percentage of contributions to the supplementary pension fund or revoke the authorisation to pay severance pay at any time, subject to formal notification to the Human Resources Department.

Assistance and Support​

The Human Resources Department is available to provide assistance and support regarding membership of the supplementary pension fund and payment of severance pay. If you have any questions or doubts, please do not hesitate to contact us.

By implementing this policy, we are committed to supporting our employees in ensuring sound financial planning for their retirement future.

Payment from Welfare to Pension Fund​

Your own Supplementary Pension Fund can also be increased through payment through the Welfare platform. The maximum amount is 5164€ per year.

The management flow is as follows and can begin if you have credit in the platform.

  1. The employee requests from portal the payment to his pension fund surveyed and communicated already to the company.

  2. The company receives the request through payroll and the pension order flow, every 1st of the month following the month of request

  3. Once the flow is received, the company pays the amount to the fund (according to the fund's mode - monthly, bimonthly, quarterly...)

  4. On the pay slip, the employee will see an imputed entry with the amount paid in

The company does not receive any invoice from Edenred, as everything is handled by the company. Edenred only provides guidance for management on the pay slip and to the fund, it does not perform any operations.