Your and Adobe’s contributions depend on your salary and the amount of your salary that is above the maximum limit (or “offset”).

• Adobe contribution: 2% x annual offset amount + 9% x (your salary minus annual offset amount)
• Your contribution: 3% x (your salary minus annual offset amount)

You can make additional voluntary contributions to the excess policy, up to a maximum contribution limit of €100 000. Contributions can be deducted from your income tax, as applicable. Visit My Adobe Benefits to change your voluntary contribution amount anytime.

All pension contributions are invested as follows by the pension provider Allianz:

• Equity (25%–35%): The return is linked to the performance of the European market.
• Fixed Income (65%–75%): The return is linked to funds with a schedule of return payments.

Yes. You can transfer funds from another qualified plan to Adobe’s insured qualified plan as long as the previous employer’s pension plan has similar features as Adobe’s plan.

No. The investments and funds are selected by the investment managers at Allianz and applied across the whole pension foundation.

Yes. Enrolment in the plan is voluntary, and you can always leave the plan at any point. Once you leave the plan, you cannot enrol again until January of the next year.

You can withdraw your pension benefits at the retirement age defined by social security, which is from 65 to 67.

If, at the age of 60, you are not working and meet the conditions according to social security, early retirement may be taken. Late retirement is considered after the age of 65 to 67.

Your and Adobe’s contributions will stop. You can elect to receive your benefit as a lump-sum payment, annuity (a regular monthly income), or a combination of both.

You will be entitled to 100% of your accumulated pension account. You can transfer this pension plan to another plan with the same features. However, it is not possible to transfer funds between countries. Leaving the Company does not automatically mean that benefits can be paid to you, unless contingencies listed in the plan occur. For details, see the Pension Plan Overview [PDF] English | Spanish.

If you die before retirement, Allianz will pay the full value of your Adobe pension plan to your chosen beneficiaries. Nominate your beneficiaries when you join the plan, and update them anytime before your retirement. If no beneficiary is nominated, payments will be made in the following order of prevalence:

1. Spouse/legal partner
2. Children in equal parts
3. Parents in equal parts
4. Legal inheritors

Visit My Adobe Benefits to review or update your beneficiaries.