Retirement Solutions for your employees

Why do you needa pension plan for your employees?

1 Addresses the pension needs of your employees and helps them save to receive a better income upon retirement.
2 Shows appreciation for your staff, increases motivation and productivity.
3 Creates a sense of responsibility and interest for your employees.

How a pensionplan works?

Each employee has their own individual pension account. Both the employee and the employer make contributions to the account.
Each member invests according to their investment profile.
In the event of retirement the savings will be part of the retirement income

Retirement Solutions

Basic characteristics

 

Plan
Smart Future
Description

An integrated and effective retirement plan for employees

Plan characteristics
  • Flexible design
  • Flexible contributions
  • Flexibility in transferring from a different pension provider
  • Flexibility in investing
  • Flexible payment method upon retirement
  • Flexibility in the payment of benefits in case of withdrawal
  • Flexible facilities
Why you should trust EuroLife
  • A simple and complete solution that addresses the retirement needs of employees
  • Flexibility in defining and modifying plan characteristics according to the desires of employers and employees
  • Investment options to employees according to their investment horizon and risk profile
  • Cooperation with internationally renowned investment management firms
  • Expertise in investment management with proper diversification and attractive returns over time
  • Qualified personnel for the best possible service and support
  • Specialized support tools for better retirement planning and plan evolution forecast
  • Very competitive rates
Linking to investment funds
YES
Tax incentives
  • Tax exemption on the employer’s contribution amount
  • Tax exemption on the employee’s contribution amount
  • Tax deductions on investments
Cost of plan
  • Plan set up fee
  • Monthly management and administration fee
Management and service
  • Specialized staff
  • Call center
  • Information
  • Specialized support tools
LEARN MORE

How can you receive assistance?

Contact the Group Insurance Sales and Service Department for more information or contact pensions@eurolife.bankofcyprus.com

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