What is supplementary pension?

Also known as an excess pension, a supplementary pension is a pension accrued on top of the basic pension through company and occupational pension funds. This pension is part of the second pillar in the so-called three-pillar system.

The supplementary pension is accrued in addition to the statutory pension and is partly financed by the employee and partly by the employer. An example of this is annuity payments from life insurance companies as a supplement to any state pension (AOW) benefit.