Common use of Content of the scheme Clause in Contracts

Content of the scheme. In addition to retirement pension, the pension scheme includes disability pension, pension benefit to survivors, and an option for children's pension. The scheme shall comprise retirement pension for life with payment of annuities or an annuity retirement pension and may contain retirement insurance/lump sum insurance. At least two thirds of the contribution shall be used for these purposes. The scheme provides for the possibility of increased payments to the scheme, supplementary benefits, and capitalisation of small pension amounts. For persons having attained the age of 50 at the time of establishment, the scheme may contain a lump-sum pension or an annuity pension scheme at their own option.

Content of the scheme. In addition to retirement pension, the pension scheme includes disability pension, pension benefit to survivors, and an option for children's pension. The scheme shall comprise retirement pension for life with payment of annuities or an annuity retirement pension and may contain retirement insurance/lump sum insurance. At least two thirds of the contribution shall be used for these purposes. The scheme provides for the possibility of increased payments to the scheme, supplementary benefits, and capitalisation of small pension amounts. For persons having attained the age of 50 at the time of establishmentestablish- ment, the scheme may contain a lump-sum pension or an annuity pension scheme at their own option.