Triple C Plan: Overview

As an employer, the Triple C Plan offers excellent flexibility providing:

• a pension or savings plan for an expatriate, third country national, or internationally mobile employee
• an accompanying spouses pension or savings plan for a spouse accompanying a partner abroad
• a vehicle to fund an agreed pension or other defined benefit for an expatriate, third country national or internationally mobile employee
• a one-off compensation or bonus payment for a key employee

Provide a pension or savings plan for an expatriate, third country national, or internationally mobile employee.

The product is designed as a defined contribution plan and the premium can be a percentage of salary or a fixed amount. The Triple C Plan offers an employer true flexibility - a choice of six currencies and the option of retirement age between 50 and 67. Death and disability benefits are optional too and these can change with circumstances. The benefit at retirement can either be a lump sum or a pension (annuity). 

Provide an accompanying spouses pension or savings plan for a spouse accompanying a partner abroad

The Triple C Plan is ideal when setting up a pension plan for an accompanying spouse. Importantly, it includes the option of insuring the spouse in the event of death or incapacity. The Plan can also compensate for loss of pension earnings in the home country.

Vehicle to fund an agreed pension or other defined benefit for an expatriate, third country national or internationally mobile employee

Although designed as a defined contribution plan, the Triple C Plan can be used as a vehicle to fund a defined benefit. It is available in six currencies.

Once the defined benefit has been determined, we calculate the annual contribution to be paid to the Triple C Plan based on agreed criteria. The Triple C Plan general conditions clearly state that any over-funding is returned to the employer and that the defined benefit is provided on leaving or retiring by the accumulated account being used to secure a pension or annuity.

The funding of the Plan is usually reviewed every 3 years.

A one-off compensation or bonus payment for a key employee

A one-off single contribution or premium can be made to the Triple C Plan. Conditions can be placed on the Plan, for example, the employee must complete a number of years of service in order to receive the payment. The Plan is available in six different currencies and the term can be as short as five years.