Belgium: Construction industry sets up pension fund

The social partners in the construction industry have recently established a supplementary pension fund for blue-collar workers, into which companies will pay seniority-related contributions.

Employers' monthly contributions into the new fund will start at 0.2% of monthly pay for employees with up to four years’ service, rising to 0.4% for between five and nine years' service, 1% for 10 to 14 years and 2.5% for those with 30 years or longer.