Group
Pension Insurance
Securing your people’s tomorrow, today
WHAT IS IT
Demographic and macroeconomic developments combined with the unsustainability of the social security system make the need for a modern pension plan to help your employees build a retirement fund more pressing than ever.
At ΝΑΚ Katsiberis, we harness our expertise in business insurance to design the optimal group pension plan for your employees, while also offering valuable options for executives, board members and business owners.
WHAT ARE THE BENEFITS OF GROUP PENSION INSURANCE?
01
Contributes to employee
satisfaction
02
Helps attract
new talent
03
Boosts employer
reputation
04
Supports the retention of employees,
fostering a long-term cooperation
05
Fills in the gaps and deficiencies of the social security system
At ΝΑΚ Katsiberis we achieve the optimal relationship between coverage and cost, with programs that ease your employees’ worries about the future. We offer different investment solutions for achieving pension reimbursement.
GROUP PENSION INSURANCE: FAQ
GROUP PENSION INSURANCE
How does group pension insurance work?
Τhe group pension scheme is implemented with the aim of supplementing the employee’ s income during his retirement and rewarding him for his years of service and work. Your contributions can be a fixed amount or a percentage of the employee’s monthly gross salary. Moreover, a group insurance pension plan can include disability benefits, or in case of an employee’s death, a lifetime pension to his family.
Under which conditions can benefits get paid?
There will be specific provisions in the insurance policy and NAK Katsiberis can offer advice for every case. Every employee leaving the company at normal retirement age has the right to receive the amount that has been accumulated in previous years. In case of resignation or dismissal the same applies. In the case of an employee’s death participating in the pension plan the benefactors will receive a lump sum benefit equal to the value of the personal account of the employee at the date of his death. In case of a disability due to a serious accident or illness that does not allow the employee to return to work, he has the right to receive a lump sum benefit equal to the 100% of the value of his Personal Account, during the date of the disability’s recognition. If you have chosen guaranteed interest as an investment option, you may be attributed an extra interest in case it arises.
It is worth noting that all the above can be modified depending on the conditions that your company has set in the insurance policy.
Our experienced team can offer specialized insurance solutions that meet your business’s insurance needs
