This infotype stores the data concerning a particular pension advantage.

For each pension advantage that has to be declared as a unique advantage towards the National Institute of Sickness and Invalidity Insurance one record of this infotype should exist.

In this infotype you can enter maximum one wage type with its corresponding amount. If you have pension advantages that consist of more than one element (wage type), you can enter them in the infotype Additional Payments (pension adv.) (0569). This infotype is accessible by way of button ‘Additional Payments’ on the infotype Pension Advantage (0504).

The data on this infotype is divided into four categories:

1. Advantage identification data
2. Declaration key data
3. Advantage data
4. Payment data

Per person, each advantage will receive a unique number, automatically assigned by the system. This number is only used internally in the system in order to process the pension advantages properly. Each pension advantage is characterised by five key data. It is possible that you want to change one of those key data (for example the periodicity), without creating a new advantage. At that moment the system will ask you if you want to keep the current advantage number or if you want to create a new advantage (with a different number).
Based on this advantage number, the system recognises each unique advantage, even if some of the key data have been changed.

The following four elements, together with the person's government registration number, define one unique pension advantage.

This is a unique number per company/institution and pension. Each unique pension file can consist of a number of different pension advantages.

This field identifies the frequency in which an advantage has to be paid to the beneficiary. This can vary from a onetime capital payment to a periodical payment (monthly, bimonthly and so on).

When all the other key data do not create enough distinction between the different advantages of an extra-legal pension, you can make an extra difference by adding a different value in this field.

This number refers to the registration number of the company or institution, allocated by the RIZIV/INAMI.

This field indicates whether the pension advantage has been built up in Belgium, abroad or supranational.

Refers to the indexing system that is used by the institution to index the amount of the pension advantage.

The social insurance contribution of 8,86% for capital payments directly from the employer to the employee (not those from the insurance company) must not be paid for career years before 1.1.1989. The contribution may be prorated with the career fraction.

When a beneficiary is no longer entitled to a specific pension advantage, you must declare the ending of the advantage towards the national institute of sickness and invalidity insurance. You can do this by entering a date in this field. After this date, no more payments can be done for this advantage. When an advantage once has been closed, it can not be re-opened again.

When an advantage was wrongfully declared to the government, this advantage needs to be cancelled. When you mark the 'Cancellation of pension advantage' field:

• the advantage will be declared as cancelled.
• all payments on this advantage will be rectified.
• the data on the infotype will be showed in display-mode in order not to allow any further changes.

For each pension advantage you have to enter the payment data. Besides the wage type, the amount and the currency you can define the start date of the payments. To determine this start date you can fill in either the field first payment period or first payment date. When none of both fields are filled in, the system uses the begin date of the infotype. When both fields are filled in, the first payment date has priority.

Once the start date of the payments is known, the periodicity determines the further payment dates.