Germany Benefit Plans & Programs
INTRODUCTION
The following table provides you an overall picture of the Benefits Framework under different entities in Germany. More detailed site specific benefits defined at local will be presented by your Site HR Partner or recruiter.
GERMANY - COUNTRY BENEFIT PLANS & PROGRAMS - APPLICABLE TO ALL SITES
Benefit type | Benefit description |
|---|---|
| Medical (including dental/optical/hospitalization/critical illnesses/ etc) | Additional sick pay:
|
| Medical (including dental/optical/hospitalization/critical illnesses/ etc) | Medical - Health Assessment (Grade S23-24 employees) |
Company car | Company car for executive staff:
An employee eligible for a status car can opt for a mobility allowance instead of a vehicle. |
| Extralegal (additional) paid vacation/time-off/parental leave | Old age leisure time for executive staff from the age of 57:
|
| Pension / Savings plan | DB Plan - Deferred Compensation Plan (Direktzusage) Applicable to all employees whose salary exceeds the social security contribution ceiling. |
| Pension / Savings plan | VO 2005. Applicable to all employees with hire date after 01.01.2005. For all companies except Cytec where VO ICI applies. |
| Jubilee / Service Award |
|
| Personal Workplace Accident Insurance | This insurance is provided by Solvay as the employer. Applicable to all employees with an unlimited employment agreement or those with employment agreement for 6 months or longer (including trainees). |
GERMANY - SITE SPECIFIC BENEFIT PLANS & PROGRAMS
Site | Legal Entity | Benefit type | Benefit description |
|---|---|---|---|
| Oestringen | Solvay Group | Pension / Savings plan | Only for Cytec. VO ICI. |
| Oestringen | Solvay Group | Personal Workplace Accident Insurance | Death - Group personal accident. For Cadre and Non-Cadre Employees. |
Date last updated:
