The ASML pension scheme in 2016

• Introduction

• Your total pensiono Retirement Pension

o Surviving dependents' pension

o Disability Pension

• Insight in your pensiono Zwitserleven portal

o Mijnpensioenoverzicht.nl

o Employee service desk

Program

Pension in the Netherlands

AOW from the Government (state pension)

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The level of AOW as of 1 January 2016, including holiday allowance

• AOW ( Algemene Ouderdomswet)• Single : € 1.155 gross per month• Partner : € 809 gross per month• Both partners 65+ : € 1.619 gross per month

(2 % accrual per year)

65 + 6 months

AOW

AOW from the Government (state pension)

De AOW, waar let ik op?

Partner allowance from the AOW (State Pension)

Partner allowance stoppedafter the 1st of January 2015

What changed in the AOW?

• The AOW retirement age in 2019 to 66 years

• The AOW retirement age in 2023 to 67 years

• Increase retirement age started in 2013, with one month

What has further been changed in the AOW?

• The AOW retirement age in 2019 2018 to 66 years

• The AOW retirement age in 2023 2021 to 67 years

• Linking retirement age to life expectation

Latest adjustment per June 2015

Pension ASML

Salaryabove

BPF max

Salary up to

BPF maxBPF pension PME

(Metalektro)

SupplementaryPension Scheme Additional

savings

ANW shortfall

insurance

One-off payment in

case of death

Mandatory insurances Voluntary insurances (paid by employee)

3a

4 5 6

AOWThreshold

2

1

€ 70,416 (2016)

€ 15,104 (2016)

€ 101,519 (2016)

Salaryabove100k Net Pension Plan

3b (default)

The ASML pension scheme 2016

Pensioengrondslag

• Determined annually on January 1• Salary (Capped till € 101,519.00)• Adjustment PME- offset

The pension base is that part of your salary over which you accrue pension entitlements

Pensionable Salary

PME- offset (2016)

Pension base

€ 90,000.00

€ 70,416.00 -/-

€ 19,584.00

- Monthly salary X 13- Holiday allowance (8%)

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The pension base (Supplementary Pension Scheme)

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Premium

The monthly premium is invested

Employee

Employer contributes a monthly premium into your pension account

40

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Premium

Employee

The older you get, the higher the premium

40

AgePercentage of pensionbase

2016

21 - 24 year 5.40%

25 - 29 year 6.40%

30 - 34 year 7.80%

35 - 39 year 9.50%

40 - 44 year 11.60%

45 - 49 year 14.20%

50 - 54 year 17.40%

55 - 59 jaar 21.50%

60 - 64 jaar 26.80%

From age 65 31.50%

21 6740

Due to the increasing of the premiums and the net return on investments,the pension capital will increase

Employee

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Employee

40

On retirement date, the amount of moneyis converted into a lifelong benefit

Defined contribution: Pension base X Premium %

Additional savings: Use calculator on the Zwitserleven Page

Premium % for 100K net pension plan: 48% X table % (101.519 Euro)

AgePercentage of pensionbase

2016

21 - 24 year 5.40%

25 - 29 year 6.40%

30 - 34 year 7.80%

35 - 39 year 9.50%

40 - 44 year 11.60%

45 - 49 year 14.20%

50 - 54 year 17.40%

55 - 59 jaar 21.50%

60 - 64 jaar 26.80%

From age 65 31.50%

The pension premium

Cost Pension account• Depending on investment choice between 0,315%

and 1,57% for the Zwitserleven funds

Own contribution pension scheme

• 3.9 % of your pension base

100% Invested in

Zwitserleven funds

Cost

• No cost deducted from the premium

The cost of your pension scheme

• Zwitserleven has 3 variants of investments

• HorizonBeleggen, ProfielBeleggen and VrijBeleggen

• The default choice is HorizonBeleggen as of 1 January 2016.

• After receiving your pension statement you can switch to ProfielBeleggen or VrijBeleggen

• Switching via the Zwitserleven portal

What type of investment choices do you have?

HorizonBeleggen (default choice)

Higher risk

Phase 3Phase 2Phase 1

other investments

Stocks

Government bonds

Corporate bonds

Age

ProfielBeleggen

other investments

Stocks

Government bonds

Corporate bonds

allocation of investments

inve

stm

ents

Age

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risk

Age

High

Low?

• You determine the investment strategy yourself• You are free to choose from the funds• More information can be found on www.zwitserleven.nl/fondsen• Zwitserleven monitors and sends you alerts!

?

VrijBeleggen

What do we expect from you?

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• You can make your own investment choice:

• Do you feel comfortable with HorizonBeleggen? Then no action is required

• Do you want a different investment choice? Go to your personal webpage of Zwitserleven. There you can choose a different investment by using the question form.

• You can always change your investment choice via your personal webpage.

The accrued pension capital will be transferred at no cost per October, 2016

to your new Zwitserleven pension account

Accrued value(until October, 2016)

New pension account

Traaccrued capitalTransfer of accrued pension

• In October 2016 the “old” value (accrued pension till 01-01-2016) will be transferred to your new investment choice

• Is your old value (partly) invested into a guarantee fund and no change of investment is passed? Then the value of the invested premiums till January 1, 2016 remains invested into the guarantee fund. The new premium from January 1, 2016 will be invested in ProfielBeleggen Neutraal.

• Would you like to invest your new premium into the guarantee fund (1%)? Then please go to your personal webpage. Click the ”Beleggen" tab. Select ”ProfielBeleggen naar VrijBeleggen" and choose Zwitserleven Maatschappijgarantie 1%.

• The the investment choice for your new premium will start a day after the date of change.

What do we expect from you?

Surviving dependents’pension

• Algemene nabestaandenwet (ANW) • Benefit in 2016 € 14.659 gross per year (€ 1.222 per month)• If partner meets following criteria:

• Born before 01.01.1950• Children under age 18• 45% or more disabled

• Reduction based on the partner’s income level (between € 755 and € 2.484 gross per month)

AOW

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Wezenpensioensalary

ANW benefit

ANW Benefit from the Government

Surviving dependents’pension

AOW

Nabestaandenpensioen vanuit de werkgever (keuze)

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Wezenpensioen

• Partner pension = 1.313% X Pension base X years of service (48% for part 100K plan)• Orphans pension = 20% of the Partner Pension (until age18, until age 27 if the child studies)

• ANW shortfall insurance Insured at Elips Life (voluntary insurance)• One off payment in case of death (voluntary insurance)

Use calculator on Zwitserleven page to calculate costs voluntary insurance

Orphans pensionOrphans pension

ANW benefit

salary

Surviving dependents’pension

Partnerpension

Werknemerscommunicatie

+

Zwitserlevenportal

Employee deskMijnpensioenoverzicht.nl

+

Insight in your pension

• Overview of your pension value

• Expected pension at retirement

• Partners’ Pension

• Change your investment choice

• Digital file

• Log in with your DigiD

Zwitserleven Portal

Adjust investment choice

Adjust your investment choice

www.mijnpensioenoverzicht.nl

Download details

www.mijnpensioenoverzicht.nl

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• One point of contact for questions regarding retirement• Tel: (020) 347 88 94• Email: werknemersdesk@zwitserleven.nl• Questions regarding:

• AOW• Pension plan• Pension Overview

• Personal matters, such as:• Value Transfer• Divorce

• They are there for you!

The employee service desk for all your questionsWerknemersdesk

What can you expect from Zwitserleven

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• Support for your pension plan

• Your personal Zwitserleven portal active in July 2016 (www.mijnpensioen.zwitserleven.nl)

• Access to the Zwitserleven Pension planner in September 2016(www.zwitserleven.nl/pensioeninzicht)

• Transfer of your accrued pension in October 2016

Thank you for your attention