The Belgium Financial Services and Markets Authority (FSMA) reported that dozens of employers have entered into agreed settlements after granting retiring employees an additional supplementary pension on an individual basis, a practice the FSMA says is prohibited and subject to sanctions proceedings. FSMA enforcement action has so far resulted in 47 agreed settlements, with total settlement amounts exceeding EUR 370,000.
Belgium Financial Services and Markets Authority 2025-09-18
Belgium Financial Services and Markets Authority secures 47 agreed settlements over prohibited individual supplementary pension rewards
The Belgium Financial Services and Markets Authority (FSMA) has enforced action against employers for granting retiring employees additional supplementary pensions individually, a prohibited practice. This has led to 47 agreed settlements, totaling over EUR 370,000.