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By 2022, the age will be 63 for men and 58 for women. [4] In Belgium the retirement age is to be increased gradually to 67 years by 2030. [2] In Bulgaria the retirement age for women is to be equalized to the retirement age for men (65) by 2037. By 2038 there will be an equal age for women and men set at 67.
The FSMA is, since 1 April 2011, the successor of the Banking, Finance and Insurance Commission (CBFA). Its full name is the Financial Services and Markets Authority (FSMA). The FSMA's status is that of an autonomous public institution. This means that it was established by law and that it carries out tasks in the general interest entrusted to ...
The FPS Social Security ( Dutch: Federale Overheidsdienst Sociale Zekerheid, French: Service public fédéral Sécurité sociale, German: Föderaler Öffentlicher Dienst Soziale Sicherheit) is a Federal Public Service of Belgium. It was created by Royal Order on 23 May 2001, as part of the plans of the Verhofstadt I Government to modernise the ...
The gross annual salary of an employee is € 50,000. The minimum deductible for the state pension is € 13,449. For this employee, his/her pensionable base is € 36,551. In the new Pension agreement (‘Pensioenakkoord’) the maximum pensionable salary is fixed at € 100,000.
An occupational pension fund, also referred to as an employer funded or employer administered scheme, is a pension offered by an employer to an employee's retirement scheme. [1] Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe, salaries and length of ...
Taxation in Belgium consists of taxes that are collected on both state and local level. The most important taxes are collected on federal level, these taxes include an income tax, social security, corporate taxes and value added tax. At the local level, property taxes as well as communal taxes are collected. Tax revenue stood at 48% of GDP in 2012.
Recoverable social pension is a universal pension in terms of eligibility. The difference is that this pension is added to other taxable income and is subject to recovery by a surcharge. Social assistance pension covers all other types of social pension. It can be further divided by its means test, based on whether it is applied only on the ...
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