The pension scheme can be one of the following types:

  • a final pay scheme (applicable until no later than the prevailing end date of the statutory transition period);
  • an indexed average pay scheme (indexation target: wage or price index) (applicable until no later than the prevailing end date of the statutory transition period);
  • a collective defined contribution scheme (CDC scheme) (applicable until no later than the prevailing end date of the statutory transition period);
  • an individual defined contribution scheme;
  • a flat contribution scheme (under Article 10 of the Pensions Act);
  • or combinations of the above (hybrid scheme) within the stipulated statutory frameworks