How is the pension contribution calculated?

First, we deduct the state pension (AOW) franchise of € 19,172 from your gross annual salary. The remaining amount is the pensionable salary, also known as the pension basis. We calculate the chosen contribution percentage based on this amount.

With a gross annual salary of € 45,000 and a contribution of 8%, this is: € 45,000 − € 19,172 = € 25,828. The employer contribution is then € 25,828 × 8% = € 2,066 per year. Read more about the pension basis.