KBC Team Benefit Plan
Give your employees financial peace of mind after they retire.
- Build up additional pension capital for your employees
- Tax-efficient both for you and your employees
- Ability as an employer to provide extra protection for career-related risks
As a business manager, you want to keep your staff motivated. Should you raise their gross salaries? Maybe – except they'll not receive the same amount after tax. However, you can offer them a beneficial alternative in the form of a KBC Team Benefit Plan. It's a simple way to organise a supplementary pension scheme for your staff. Not only that, but during their careers they benefit from additional security due to supplementary insurance cover. Your employees keep twice as much as they would from a pay rise. In turn, you safeguard the future of your staff and your company.
Two options available
The KBC Team Benefit Plan has two formulas that are fully adapted to company needs. They provide a straightforward, quality supplementary pension that involves hardly any additional paperwork on your part – ideal for getting started.
- Formula with a fixed amount: You pay a fixed amount per employee. This amount is indexed annually at 2%, ensuring that the supplementary pension and benefits keep pace with the cost of living.
- Formula with salary-based amount: You provide your employees with a supplementary pension and a minimum death benefit in proportion to their individual salary. Wage indexation ensures that the supplementary pension and benefits keep pace with the cost of living.
What your employees receive
Formula with a fixed amount |
Formula with salary-based amount |
|
Supplementary pension accrual |
V | V |
Benefit in the event of premature death |
V | V |
Premium waiver in the event of work disability |
V | V |
| Supplementary income: guaranteed income cover | X | optional |
Additional cover
Death cover and premium waiver in the event of work disability
Should one of your employees die, KBC Insurance will pay a benefit to the next of kin. If an employee becomes incapacitated for work, you are covered for the continued accrual of their pension and death benefit.
Supplementary income (guaranteed income)
If you choose the formula with a salary-based amount, you can ask KBC to cover loss of income suffered by your employee. Under this supplementary cover, an annuity is paid in the event of full or partial loss of earned income due to work disability caused by illness or an accident outside of work. You pay a premium on top of the basic contribution.
Discover the free well-being services that come with this Employee Care product!
KBC Team Benefit Plan at a glance
Discover the free well-being services that come with this Employee Care product!
Well-being at work is more important than ever. That’s because the smooth running of your business and reducing absenteeism rates depend upon your employees feeling good about themselves. At KBC, we’re happy to help support the well-being of your employees who are covered by a KBC Employee Care product. They’ll receive one-year’s Plus membership for the Leadlife app courtesy of Leadlife. This app tells your employees how they ‘score’ in terms of nutrition, exercise, stress, sleep, body and health. Thanks to tailored advice, they’ll get immediate practical support in taking the next steps forward.
We also support you as an employer in spreading this message and in maximising its impact on the well-being of your employees by providing posters, e-mail templates and even an motivational calendar. By using anonymised data, Leadlife ensures you can have up-to-date information on maintaining a healthy business environment. Learn more.
