GROUP PENSION
GROUP PENSION GLOSSARY

GROUP PENSION GLOSSARY

Group founder

The employer, association, foundation, professional organization in the status of legal entity, or other organization, that forms a group pension plan jointly with the company in the name of its employees and/or members and that determines the terms of this plan.

Sponsor organization

The group founder that pays contributions under the employer group pension contract in the name and for the account of its employees.

Employer group pension contract

The pension contract between the sponsor organization that pays contributions in the name of its employees under the group pension plan and the pension company.

Individual pension contract linked to the group

A pension contract linked to the group pension plan and made between the company and the participant without there being a group founder in the status of legal entity.

Corporate Sales Force Automation

A system whereby all types of sales and after-sales process can be easily monitored for the needs of corporate clients.

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