16 - 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, Aegon, Rabobank, Nationale Nederlanden and BeFrank) based on the available pension scheme. PMT’s funding ratio at year-end 2022 was 106.8% (2021: 106.1%). 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 2022, the number of employees (in FTEs) employed by the companies included in the consolidation was 3,555 FTEs.

The breakdown across the various revenue groups is as follows:

All employees work in the Netherlands.