Pension Plan
Databricks provides a Defined Contribution (DC) pension plan through Zwitserleven, which allows you to save for retirement. Register and access your personal pension account via My Zwitserleven.
Eligibility and Enrollment
Employees of Databricks Netherlands (including fixed-term contractors) age 18 and older will be automatically enrolled from their date of hire. (Interns are not eligible for this benefit)
Contributions
Databricks contributes 8% and employees contribute 4% of the pensionable salary into the pension fund.
In addition, Databricks pays the premium cost to provide a partner’s pension and an orphan’s pension in the event of your death while employed by Databricks as follows:
- Widows/Partners Pension: Your partner will receive a pension through an annuity. This pension will have a lifelong payout, and the amount will be calculated using this formula: 1,16% X pensionable salary X number of years between your hire date and the age of 68. After it takes effect, the partner's pension will increase by 2% annually.
- Orphan Pension: The benefit payable is 20% of your Widows/Partners Pension for each child and will be paid out until the age of 21 (or up to 27 if the child is still studying and/or disabled). After it takes effect, the orphan's pension will increase by 2% annually.
- Anw-gap Insurance: This is a temporary partner pension for the period between death and the start of the Dutch state pension (AOW). The fixed benefit payable is €20,354 per year in 2025. After it takes effect, the ANW gap insurance will increase by 2% annually.
Databricks pays any surcharge waiver of premium in case of disability, that is the employees’ pension (cover and contributions) is continued by the provider and based on six disability categories.
Pensionable Salary
Pensionable salary is calculated as follows:
Pensionable salary = (annual base salary + 8% holiday allowance, up to a maximum salary cap) – annual state pension offset (€18,474.88 for 2025).
The annual maximum salary cap for pensionable salary calculation purposes is equal to €137,800 for 2025. This is because in the first pillar of the pension system, the Dutch government already provides an old age pension from the state (AOW).
Pensionable salary and annual offset limit is updated on 1 January of every year. The salary amount that is more than the maximum cap is NOT used in the calculation of the pension contribution.
Additional Voluntary Contributions (AVC)
Making additional voluntary contributions to your Databricks Pension Plan through Zwitserleven is a great way to save for your future. The amount of your additional voluntary contributions is strictly defined by the annual fiscal limit and your age. Your maximum amount is calculated as follows:
Maximum amount = annual base salary x 8% holiday allowance (capped at €137,800 in 2025) - the annual offset (€18,474.88 in 2025) x the age-related percentage (as per the below table).
Example:
Your Age is 36 Your Annual Base Salary is €100,000
Annual Base minus the offset: € 100,000 minus € 18,474.88 (2025) = € 81,525.12 Age related percentage per table above: 9.70%
Maximum AVC in 2025: € 81,525.12 x 9.70% = € 7,907.94 per annum/ € 659 per month.
Important:
The amount of your additional voluntary contributions cannot exceed 75% of your total pay in any given month.
How to apply for additional voluntary contributions?
Contact Rob Reinders at rob.reinders@vlc-partners.nl
Want to know more?
Visit the Zwitserleven website. Use the Zwitserleven Portal Guide.
Questions about the State Pension?
Visit the SVB Social Security website.
