Hospitality Pension Fund: Who Qualifies and What You Get

The Hospitality Pension Fund is a mandatory pension scheme designed to ensure that individuals working within the hospitality industry can accrue financial security for their retirement.

👤Who it's for

This scheme is specifically for employees working across the hospitality sector. If your work falls under the industry guidelines, you are likely covered by this arrangement. This includes those working in various roles within hotels and related hospitality environments.

🎁What you get

The primary benefit of this scheme is mandatory pension accrual. This means that as you work, funds are set aside to build a pension fund for your future. This system is designed to create a structured way for workers in this specific industry to accumulate retirement benefits through their employment.

💰What it costs you

Participation in this scheme requires financial contributions. For the employee, the employer contribution is mandatory, meaning the costs are integrated into the employment and payroll structure. You should review your pay slips to see how these mandatory contributions are being handled by your employer.

⚠️The catch to know

The most important thing to understand is that this is not an optional benefit that you choose to join. It is mandatory for almost all hotel staff under the collective agreement (CAO Horeca). Because it is part of the industry-wide collective agreement, participation is a requirement of your employment within the sector rather than a discretionary perk.

📝How to apply

1. Verify that your specific job role falls under the hospitality sector guidelines.
2. Confirm with your employer that they are registered and making the mandatory contributions on your behalf.
3. Review your employment contract or collective agreement (CAO Horeca) to confirm your coverage status.
4. Visit the official portal to manage your details or view your accrual status.

https://www.phenc.nl