13 – Wages and salaries

Pensions

The pension scheme is largely administered by the pension fund for the metal and technical sector (Pensioenfonds Metaal en Techniek, PMT). The accrued benefits are fully funded each calendar year with the payment of break-even contributions. Moreover, some pensions are administered by insurers (Centraal Beheer, ASR, Allianz, Nationale Nederlanden and BeFrank) in defined contribution schemes. PMT’s funding ratio at year-end 2020 was 95.4%. Under the administration agreement, the company does not have any obligation to make additional payments other than in the form of higher future pension contributions.

Number of employees

At year-end 2020, the number of employees (in FTEs) employed by the companies included in the consolidation was 2,843 FTEs.

The breakdown over the various revenue groups is as follows:

The vast majority of the employees work in the Netherlands.