The ASML (supplementary) pension landscape · The total ASML pension landscape 5 Salary above BPF...

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

5

Salary

above

BPF max

Salary up

to

BPF max

PME Pension Scheme

Supplementary

Pension SchemeAdditional

savings

ANW

shortfall

insurance

One-off

payment in

case of

death

Mandatory insurances Voluntary insurances (paid by employee)

AOWThreshold

€ 107,593

(2019)

Net Pension Scheme

€ 74,327

(2019)

€ 14,554 (2019)

Salary

above

107k

Your pension capital

Retirement date

6

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 benefit21 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

8

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

11

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 BondsLong duration

Credits Fund

Gov’t Bonds

2020

Phase 1: Three ways to invest

Profiel Beleggen

Select Fund

Global Equity Fund

Gov’t BondsLong 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

only 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

WerknemerscommunicatiePlanning your pension (websites)

Intranet ASML

Werknemerscommunicatie

+

Personal pension portal

‘Mijn Zwitserleven’

Planning your pension (websites)

ASML Landingpage

WerknemerscommunicatieASML 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