- Designed for Seamen
- WYCC products
- WYCC Assistance & Health
- WYCC Pension & Finance
- Advantages
- Subscriptions
What is it ?
Individual Retirement Savings Plan or Pension Plan.
Why a pension ?
In order to continue living comfortably during the retirement, a seaman needs sufficient income..
We have create a pension plan for seamen that takes into account the nationalities, fiscal residence, yacht flag and location of various employers; it enables the seamen to be paid a very substantial pension at their end of the seamen’s professional period.
« W.C.A, Worldwide Crew Association
a.s.b.l. offers the access to a Retirement Savings Plan: WYCC Marine Retirement
Plan specifically studied for seamen of all nationalities*, built on a
strategic and successful investment profiles. This plan is based on the
various periods of professional and private life and their specific needs.
This is a very simple, flexible package for the long and medium term retirement
planning. »
Flexibility
This plan offers a highly flexible way to put something aside, to help realise your dreams for the future.
It offers the ability to adapt the contributions to the individual financial situation.
The Employer (Ship-owner, Trust company...) can choose to contribute for a total or partial amount of the contributions for each category of employees. (Réf: ILO Convention C71 Seafarers’ Pension).
The contributions can be predetermined (ex: percentage of the salary)
and taken care of by the Employer and\or the Employee, on a monthly, quarterly,
annual base or any other wished periodicity.
The amounts of the contribution are free with however a minimum of 250
EUR by payment with an annual total of 1 200 EUR at least and they can
be suspended (ex: unemployed period).
Additional payments are possible at any time during the contractual
period (single premium).
Tailor made investissements
WYCC Marine Retirement Plan gives access to different retirement investment strategies adapted to your investment profile; from conservative to agressive.
WYCC Marine Retirement Plan is ideally suited for long-term investors seeking direct access to the stock market with the help of professional managers.
At enrolment each Insured chooses the Investment profile, and can modify this profile directly online via the Internet Platform.
The flexibility of this plan allows the introduction of new
funds adapted to new needs (for example: secure funds with capital protection).
Investment strategies
« WYCC Marine Retirement Plan
is initially oriented toward Capital constitution.
The flexibility of this plan allows introducing new funds: secured funds
or others to secure the constituted capital. »
AIG Foundation Investments offers 6 sub-funds:
FOR CAREFUL INVESTORS, being able to put up with share price
fluctuations.
Global Balanced / Europe Balanced
FOR RISK AWAREINVESTORS
Global Growth / Europe Growth
FOR DYNAMIC INVESTORS
Global Equity / Europe Equity
Benefits payment options adapted to the needs
At the legal retirement age, various Benefits Payment Options are available:
> Lump sum
> Life annuity
> Life annuity guaranteed for a certain period
> Life annuity with survivor benefits
If a Participant becomes totally and permanently disabled, he will be entitled to receive his entire Participant's Account, payable as either a single sum payment or an immediate annuity.
In case of Death the Designed Beneficiaries received the death
benefit.
Involved parties
This contract is subscribed by WCA with ASI. The funds are
offered by AIG Foundation Investments: AIGGIG (AIG. Global Investment
Group)
| Documentation |
| »
WYCC Marine retirement Plan | »
Global Growth [en] | »
Global Equity [en] | |
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