6. Life-course Savings Scheme
- The life-course savings scheme only continues to apply to employees whose life-course savings credit was at least €3000 on 31 December 2011. These employees may continue to pay into the scheme. The credit has to have been withdrawn before 1 January 2022.
- Life-course leave constitutes long-term special leave (article 5.7) without remuneration, whereby the employee provides in their income by drawing on savings made in the life-course savings scheme.
- For the term of leave, payment of salary, any allowances, reimbursement of travel expenses, any other reimbursement of expenses and benefits stop (in proportion to the size of the leave), as does the accrual of hours of vacation leave, vacation pay and year-end bonus.
- After one year from commencement of the employment, employees may take leave paid for by the life-course savings scheme with the exception of long-term care leave, short-term care leave and parental leave without pay.
- A request for long-term leave without pay has to be submitted to the employer in writing at least three months in advance. This time limit does not apply if the leave is used for care purposes or if the commencement of the leave could not reasonably have been foreseen. Employee shall notify the employer of their intention to take parental leave at least two months prior to the desired commencement of the leave.
- If the term of leave exceeds a full-time period of three months, the employee's incremental date is postponed by the number of full months by which the leave exceeds three months.
- If the leave-taker falls ill during leave, the leave continues for a period of six weeks and the employee continues to receive his life-course savings scheme withdrawal as income. If the illness continues, the life-course leave will terminate six weeks after the first sick day.
- Employees shall pay pension premiums for the maximum term of one year of life-course leave. The pension premium is based on the life-course leave payment received. The premium is paid by the employer and fully recovered from the employee. The obligation to pay pension premiums ends after one year. The employee is then free to agree on pension contributions with the Pension Fund Organisation to continue the pension accrual. With regard to part-time leave without pay, the sectoral agreements apply.
- If the term of leave without pay does not exceed the limit of eighteen months, the employee does not suffer any disadvantage in terms of social security for taking the leave (in accordance with the Act of 11 June 1998).
- When the life-course leave has ended employees return to their former position, unless the leave lasts longer than six months or if other arrangements have been made prior to the life-course leave.
- If a reorganisation takes place while an employee is taking life-course leave and this reorganisation involves the employee's position, the employee shall receive the same treatment as the other employees involved in the reorganisation.
- Employees save up life-course scheme credit by participating in the object life-course in AVOM. Refer to appendix 3 in section 4.6.
- In individual cases, the employer may deviate from the life-course savings scheme in the CAO in favour of the employee.
- Participation in the life-course savings scheme ends:
1. Upon the participant's decease
2. Upon termination of employment
3. If the employee ends participation in the life-course savings scheme.