Pension

What you need to know

You are automatically enrolled in the PayPal Pension Plan if you’ve been with the company for 6 months. Depending on the plan level, PayPal and you may make contributions to the pension plan. The new enrolment cycle begins 1 January and 1 July.

How it works

The plan is divided into Levels 1, 2 and 3.

Level 1

This level is funded completely by PayPal. You must be employed with the company at least 6 months to be eligible for this plan, and you’re automatically enrolled in the plan. PayPal contributes 3% of your salary to the pension plan, up to €1.800,00 per year.

If you do not want to be enrolled in the Level 1 plan, send a signed disclaimer to Employee Central (these pages are only accessible within the PayPal firewall). You can also submit the disclaimer in person:

Dreilinden office: Employee Central in J1-3 / PayPal Employee Central, Marktplatz 1, 14532 Dreilinden

Wilmersdorf office: Employee Central 3rd floor / PayPal Employee Central, Badensche Str. 24, 10715 Berlin

Levels 2 and 3

Level 2 is funded by you. You must be employed with the company for at least 6 months to be eligible for this plan. You may contribute a percentage of your salary to the pension plan. PayPal matches your Level 2 contributions, up to a maximum of 2% of your salary.

Level 3 is funded by PayPal and is always linked with Level 2, as PayPal will match your Level 2 contributions, up to a maximum of 2% of your salary. The Level 3 benefit that’s paid into your pension depends on your start date at PayPal.

You must submit the application form by 30 November for 1 January enrolment and by 31 May for 1 July enrolment in person or via Employee Central (these pages are only accessible within the PayPal firewall). In person offices are located at:

Dreilinden office: Employee Central in J1-3 / PayPal Employee Central, Marktplatz 1, 14532 Dreilinden

Wilmersdorf office: Employee Central 3rd floor / PayPal Employee Central, Badensche Str. 24, 10715 Berlin

Application forms

You must send in a signed German application to be enrolled in the PayPal pension plan. English versions of the application are only for information purposes and are not legally binding.

Expected payouts

Provider contact information

Pension

Mercer

(Be sure to include your phone number and preferred time when you’d like to be contacted.)