The increase in the minimum guaranteed return on supplementary pensions has been officially announced. The change will take effect at the beginning of 2025. Here is an update.
We have previously described how an increase in the yields on Belgian government bonds (OLOs) leads to an increase in the minimum return on supplementary pensions as set out in the Law on Supplementary Pensions (WAP). The calculation of the minimum return on supplementary pensions for 2025 took place on 1 June, and showed that the minimum guaranteed return should rise from 1.75% to 2.50%.
The new minimum return was recently also announced on the FSMA’s website. With effect from 1 January 2025, the minimum return on supplementary pensions will therefore officially be 2.50%.
You can read about the impact of this increase on your organisation’s existing pension schemes in this article: https://www.vanbreda.be/en/insights/increase-in-the-minimum-guaranteed-return-on-supplementary-pensions.
Would you like to know more about this increase and its impact on your pension schemes? If so, contact your Employee Benefits Account Manager at Vanbreda Risk & Benefits.
Are you the victim of an accident resulting in physical injury for which someone else is liable? If so, you are entitled to compensation. Thanks to the new 2024 Indicative Table, compensation for such injuries is now considerably higher. What’s changed and what does it mean? Find out below.
Increasing numbers of people on long-term sick leave and persistent labour market shortages have put the subject of incapacity for work high on the agenda. During a recent symposium, Lode Godderis, Professor of Occupational Medicine at KU Leuven and CEO of IDEWE, shared his insights into this complex challenge. He put this fundamental question to those present: are we addressing this growing problem the right way?
More than 500,000 Belgians are on long-term sick leave – and the number continues to grow by 5.5% every year. The impact on our social security system and on employers is significant. But there’s good news: the federal coalition agreement for 2025-2029 includes a definite commitment to change this. With a strong focus on prevention, faster reintegration and shared responsibility, government policy is shifting from a reactive to a proactive approach.
As an employer with activities in multiple countries, you want your employees to enjoy the same quality of healthcare and insurance wherever they are in the world. The challenge lies in managing employee benefits packages efficiently in a way that’s both compliant with local legislation and consistent with your global HR strategy. So how can you turn your international approach into an asset in the war for talent? And how can Vanbreda Risk & Benefits help you to do so?