(supplementary) pension landscape Program The Zwitserleven - - PowerPoint PPT Presentation

The ASML (supplementary) pension landscape

• The Zwitserleven Feeling
• Your ASML pension
• Your choices
• Insight in your pension
• My Zwitserleven Feeling
• Questions: retirement@asml.com

Program

Het Zwitserleven Gevoel (The Zwitserleven Feeling)

Your ASML pension

The total ASML pension landscape

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Salary above BPF max Salary up to BPF max

PME Pension Scheme Supplementary Pension Scheme

Additional savings ANW shortfall insurance One-off payment in case of death

Mandatory insurances Voluntary insurances (paid by employee)

AOW

Threshold

€ 107,593 (2019)

Net Pension Scheme

€ 74,327 (2019) € 14,554 (2019) Salary above 107k

Your pension capital

Retirement date

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Due to increasing contributions and the net return on investments, the pension capital will increase On the retirement date, the amount of money is converted into a lifetime benefit 21 68 Employee

Defined contribution: Pension base X Premium %

Age Percentage of pension base 2019 21 - 24 year 7.7% 25 - 29 year 8.9% 30 - 34 year 10.4% 35 - 39 year 12.0% 40 - 44 year 14.0% 45 - 49 year 16.3% 50 - 54 year 19.0% 55 - 59 year 22.3% 60 - 64 year 26.5% From age 65 30.6%

Your pension premium

Supplementary pension scheme

Your own contribution is 3.9% of the gross pension base

Example

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Salary: € 90,000 Pension base: € 90,000 - € 74,327 = € 15,673 Age: 40 Yearly premium to invest: € 15,673 * 14,0%= € 2,194 Possible: bonus as additional saving

Defined contribution: Pension base X Premium %

Age Percentage of pension base 2019 21 - 24 year 3.47% 25 - 29 year 4.01% 30 - 34 year 4.68% 35 - 39 year 5.40% 40 - 44 year 6.30% 45 - 49 year 7.34% 50 - 54 year 8.55% 55 - 59 year 10.04% 60 - 64 year 11.93% From age 65 13.77%

Your pension premium

Net pension scheme

Your own contribution is 1.87% of the net pension base

Your surviving dependents pension

• Partner pension
• Supplementary pension scheme
• 1.313% X Pension base X years of service up to

retirement date

• Net pension scheme
• 0.63% X Pension base X years of service up to

retirement date

• Orphans pension
• Supplementary and Net pension scheme
• 20% of the Partner Pension

(until age 18, until age 27 if the child studies)

Example

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Salary: € 90,000 Pension base: € 90,000 - € 74,327 = € 15,673 Age on date when starting service: 38 Retirement age : 68 Years of service : 30 years Partner pension: 1,313% * € 15,673 * 30 = € 6,174 Orphans pension: 20% * € 6,174 = € 1,235

Your surviving dependents pension

Leaving ASML? You need to decide: Partner pension

• Yes?

Premium will be deducted from your accumilated capital

• No?

No premium is due, so you will get a higher pension capital. You will receive a letter from Zwitserleven to make your choice.

Voluntary insurances:

• ANW shortfall insurance
• Insured at ElipsLife (€ 15,496 gross per year)
• One off payment in case of death
• 100%, 200% or 300% of your gross annual salary
• Only as long as you are employed by ASML

Use the calculator on Zwitserleven page (www.zwitserleven.nl/asml) to calculate costs of these voluntary insurances

Your surviving dependents pension

If you become disabled, your pension will still be built up as if you are still employed When you are disabled, your pension will still be built up as if you are still employed You are entitled to a supplement of your WIA allowance for the part of your salary higher than € 55,927

Disability and your pension

Your choices

Your choices

1. Your voluntary insurances 2. Your investments 3. Your pension date 4. Your choices on pension date

• 1. Your voluntary insurances

Go to: www.zwitserleven.nl/asml Please scan the completed form and send it to:

employee.benefits.administration@asml.com

• 2. Your investments

Our sustainable investment policy. For a world worth living in.

• Exclusions
• Positive selection
• Engagement
• Using our right to vote
• Sustainability integral part of the investment process

Phases of investing

Select Fund Global Equity Fund

Gov’t Bonds Long duration

Credits Fund

Gov’t Bonds

20 20

Phase 1: Three ways to invest

Profiel Beleggen

Select Fund Global Equity Fund

Gov’t Bonds Long duration

Credits Fund

Years until retirement

Gov’t Bonds Horizon Beleggen (default)

Profiel Beleggen Profiel Beleggen

Phase 2: De-risking

Phase 3: Receiving pension

Planning communication

ASML employees in the supplementary pension scheme:

• A personal letter when you are 15.5 years before your retirement date
• Information will be provided on your personal portal;
• Information about continued investing
• By answering a questionnaire your personal investment profile will

be generated

• Possibility to apply your choice directly

• 3. Your pension date
• What is your pension date?

AOW state pension Pension agreement The Netherlands

• You are in the lead about your pension date of the

ASML scheme at Zwitserleven

• Flexible retirement date between 55 and AOW+5 years

• 4. Your choices on your pension date

You have more to choose! Think about:

• Fixed or flexible pension
• Retirement pension and partner pension or
• nly retirement pension
• High-low pension (100:75)
• 10% pay off (Pension agreement!?)
• Shop with your capital

• 4. Your choices on your pension date

Online portal, buying pensions (Q4 2019)

Insight in your pension

Werknemerscommunicatie

Planning your pension (websites)

Intranet ASML

Werknemerscommunicatie

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Personal pension portal ‘Mijn Zwitserleven’

Planning your pension (websites)

ASML Landingpage

Werknemerscommunicatie

ASML Landingpage (www.zwitserleven.nl/ASML)

• Explanation of the ASML pension scheme
• Calculator for volantary insurances
• Forms / translations
• Recent information
• Instruction videos

• Direct insight in your pension
• Overview of your pension value
• Expected pension at retirement
• Partners’ Pension overview
• Change your investment choice
• Digital documents file
• Log in with your DigiD
• Pension planner

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Navigation menu Total value Details for information about your pension scheme Press-button for indication of pensions

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Click at investment fund for more information Hier beleggingen aanpassen Vul vragen in voor je beleggersprofiel

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

Personal Pension Portal (www.zwitserleven.nl/mijnzl)

• Your Choices

1. Your voluntary insurances: Go to www.Zwitserleven.nl/ASML 2. Your investments: Go to www.zwitserleven.nl/mijnzl 3. Your pension date: You’ll receive a letter 4. Your choices on your pension date: You’ll receive a letter

• Insight in your pension

Go to www.zwitserleven.nl/mijnzl

Take action!

• For questions regarding your pension at Zwitserleven, you

can call (020) 347 88 94 (single point of contact). They are there for you.

• For questions regarding your pension at PME, please contact

the PME Service Desk: 088 – 007 98 00

The employee service desk for all your questions

Thanks for your attention!

My Zwitserleven Feeling