How is my pension calculated?
Your pension is calculated on your retirement date according to the formula:
number of pension years x pension basis x accrual formula = pension
Is my partner eligible for a pension?
Your partner is entitled to partner’s pension in the event of your predecease. This is the case if you are married or have entered into a legally registered partnership. If you are cohabiting with your partner and have registered a cohabitation agreement before a civil-law notary, showing that you have designated your partner as beneficiary of the partner's pension, you may enrol your partner with SSPF for a partner’s pension. The form 'application for partner's pension arrangement' is available to that end.
If you are accruing pension under the pension scheme at the time of your predecease, the pension years you would otherwise have accrued until your retirement date will be taken into account when calculating the partner’s pension. If your partner has not reached the AOW age at the time of your predecease, he/she will receive a partner’s supplementary pension until he/she has reached the AOW age, or at the latest on your pension date according to the regulations.
Are my children eligible for a pension?
If you have children at the time of your decease, they will receive an orphan’s pension until they reach the age of 18 years. As long as your child is attending a course of study, he will receive this pension until the end of the month of August following his 24th birthday. The orphan’s pension is 14 per cent of the sum total of partner’s pension and partner’s supplementary pension. Orphans both of whose parents have died receive double this amount.
How do I know how much pension I have accrued?
Your personal pension summary indicates the amount of pension entitlements you have accrued. Participants receive this summary in February of each year.
You can also view your pension entitlements with the Pension Calculator.
Can I make extra pension contributions?
No. You yourself cannot deposit funds in the Pension Fund in order to realize a higher pension but you are free to make your own saving arrangements.
When can I retire?
According to the Regulations, you officially retire when you reach the age of 67. But you can choose to retire between the ages of 55 and 67. If you wish to retire at a different age than 67, you must inform the Pension Fund and your employing company of your decision no later than 6 months in advance and no earlier than 12 months in advance by means of the form 'early retirement'.
In consultation with your employing company, you can also continue working after you turn 67, up to no later than 70 years of age. The earlier you retire, the lower your pension payment will be. Conversely: the later you retire, the higher your pension will be.
If you wish you may, by arrangement with your employing company, take part-time retirement at any time as from the age of 55: part-time retirement.
At what age will my state pension start?
Follow this link to find out your state retirement age:http://www.checkuwaowleeftijd.nl/
(available in Dutch only)