Pension funds, from plan design to pension payment
RIFT runs the pension contract end to end under the RJFP (Lei 27/2020): product and plan design, the participant and individual account, contributions, decumulation events, claims, the AT fiscal chain and ASF reporting. The scope is deliberate. RIFT is the insurance core; managing the fund's assets and the actuarial valuation stays with the entity manager, and RIFT feeds it through a clean integration layer.
RIFT for Pensions
Occupational and personal pension plans under the RJFP, from defined benefit to PEPP, on one product-definition framework.
Where RIFT is different for pensions
The full pension contract, from plan design to benefit payment, the AT fiscal chain and ASF reporting.
Plan design and parameterisation
BD, CD, mixed and PEPP plans, with premium modality, contribution rules including employer matching, vesting conditions, the benefit regime and age-based glide-path reallocation, all configured.
Participant and individual account
Registration by NIF and NISS, the individual capitalisation account with full contribution and unit history, designated beneficiaries, and the mandatory annual statement and Projected Benefits Report (RBP) under art. 90 RJFP.
Contributions
Contribution notices to the associate, imputation to the individual account, payroll-file integration, SEPA direct debit, and arrears, suspension and regularisation handling for lay-off and similar events.
Contract management
Individual or collective membership contracts, endorsements to contribution, category or plan, suspension, fund transfer and PEPP cross-border portability under art. 18 RJFP, and early-redemption validation.
Decumulation and pension payment
Retirement eligibility and calculation (BD formula or CD annuity), lump sum versus lifetime or temporary annuity, monthly pension processing and annual IPC indexation.
Claims: death, disability, survival
FNOL by participant, beneficiary or doctor, coverage and waiting-period checks, survival and orphan pensions, beneficiary verification, and integration with the RIFT Life claims process.
AT fiscal chain
Category H income under art. 53 CIRS, monthly IRS withholding on AT tables, SAFT-PT, and Modelo 43, 10 and 39, with control of PPR and pension-fund deductions.
ASF regulatory reporting
BDAP XML reporting under NR 4/2023-R, the annual fund report (art. 83 RJFP), the Responsible Actuary report and funding ratio for BD, ICT incident reporting under NR 9/2024-R, and PEPP data to ASF and EIOPA.
Integrations and governance
Payroll and HR (SAP, Primavera, PHC), SEPA, the AT, Social Security NISS, participant and associate portals, and the entity manager NAV feed, with GDPR consent, an audit log and four-eyes control on payments.
Proof it holds up
What pension-fund managers and their insurers get in the core.
- Plan types from defined benefit to defined contribution, mixed and PEPP, parameterised without code
- The individual capitalisation account, with mandatory annual statements and the Projected Benefits Report (RBP)
- Decumulation end to end: retirement, disability, death and survival pensions, as lump sum or annuity
- The full AT fiscal chain: IRS withholding, SAFT-PT, and Modelo 43, 10 and 39
- ASF regulatory reporting through BDAP (NR 4/2023-R), with ICT incident reporting under NR 9/2024-R
- A clear scope: RIFT runs the insurance contract, while fund asset management and actuarial valuation stay with the entity manager
RIFT carries the risk-management and actuarial capability of H2RM, Holos's dedicated platform for insurance and pension funds: underwriting precision, solvency, IFRS 17 and actuarial analytics across lines of business.
See the H2RM heritage
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