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.