In concrete terms, this provision means that if you die within one year of having this risk coverage, your death could not have been foreseen at the time of choosing the risk coverage. If this situation occurs PDN can check this at the Review Committee health data (Toetsingscommissie Gezondheidsgegevens)
A certified copy is a copy of an official document signed by a lawyer, civil-law notary, or a foreign authority and bearing an official stamp.
Your former partner's own right to a retirement pension. The pension of your former partner is separate from your own retirement pension and partner's pension.
You confirm to PDN in a 'doorwerkverklaring' (declaration of employment continuation) that you are still in employment on the PPS date and intend to continue working after that date.
A declaration in which you indicate that you will terminate your paid work when the PPS benefit commences.
If you only convert part of your PPS balance into a PPS benefit, you must declare that you reduce your paid work for that part.
This Act sets out how the retirement pension should be divided in the case of a divorce. This Act provides for a standard division. Under this standard division, the former partner has a claim to half (50%) of the retirement pension accrued during the time of the marriage or partnership.
Exchanging one type of pension for another. For example, exchanging a partner's pension for an extra old-age pension.
A fixed benefit does not change unless PDN indexes the benefit or, in exceptional situations, is forced to curtail it.
Is the salary you receive for full-time (100%) employment. The full-time salary is used to determine your eligibility for the NPS. If you work part-time, this will be taken into account when determining whether your salary falls above or below the threshold amount.
Click here for an example of how the threshold amount is calculated for a part-time employee
The portion of the gross salary that counts towards pension accrual. The gross pensionable salary according to the collective pension scheme is subject to a maximum of ( limit).
In order to receive a PPS benefit it is necessary that you:
This is the Early Retirement/Pre-Pension (Adjustment of Tax Treatment) and Life-Course Savings Scheme Act (Wet aanpassing fiscale behandeling VUT- en prepensioenregelingen en introductie levensloopregeling). It is legislation dating from 2006 in which the government encourages as many people as possible to continue working until they reach 65 years of age.
The pension contributions will be invested in a mix of riskier and less risky investments, depending on your age. We will automatically adjust this mix as you get older. As a result, the investment risk gradually decreases as your retirement date approaches.
Is the pension capital that is built up in the Net Pension Scheme (NPS).
A pension scheme for net pension accrual over a gross annual salary above ( limit). You pay tax on your and your employer's contribution. The pension is no longer taxed from the retirement date and is paid net.
This is pension capital accrued in the Net Pension Scheme (Nettopensioenregeling, NPR). NPR is the scheme through which a pension can also be accrued over the salary above the gross annual salary level of .
Benefit for the children of an employee who has not reached a certain age upon their death. The age limit is set at 18 years and for children studying at 27 years.
Partner's pension is the pension to which the partner is entitled upon your death. This means that your partner will receive a benefit payment from PDN after your death. Your partner will receive the partner's pension until his or her death. The amount of the partner's pension depends on when you die and whether you are still accruing pension with PDN. Upon your death, PDN will take care of the payment of the partner's pension to your partner.
PDN sees the following as a partner:
This is the State Retirement Age minus three years.
Until 2006, employees of a number of DSM companies could save by means of a pre-pension scheme or accrue entitlements via an early retirement scheme to retire early.
There is no longer a guarantee that people will be able to retire early, i.e. stop working at a certain age with a certain percentage of their salary.
DSM commuted this guarantee at the end of 2005 by adding extra money to the PPS balance of the then members on a one-off basis.The PPS balance is stated on the annual Uniform Pension Statement (UPS).
A temporary pre-pension benefit. The amount of this temporary benefit depends on the PPS balance used for this benefit.
The date on which your PPS balance is converted into old-age pension and temporary or permanent partner's pension. After conversion, you no longer have a PPS balance.
Periodic payment with effect from the retirement date, awarded to the member or deferred member. The retirement pension is paid out until the death of the pensioner.
The partner's pension to which your former partner is entitled (whether permanently or temporarily) after the end of a relationship. Just like the 'standard' partner's pension, the special partner's pension is paid out after your death.
A stable benefit does not change unless PDN indexes the benefit or, in exceptional situations, is forced to curtail it.
This division is governed by the Equalization of Pension Rights in the Event of a Divorce Act (Wet Verevening Pensioenrechten bij Scheiding, WVPS) and means that the former partner is entitled to half of the retirement pension accrued during the marriage or registered partnership. The same applies to the PPS balance and the Net Savings Capital.
The state retirement age is the day on which you receive your state pension from the government.
Your state retirement age depends on your date of birth and will increase in steps in the years to come.
First look at the period in which you were born in column 1. Then see column 2 for your state retirement age on the basis of the Pension Agreement 2019 (“Pensioenakkoord 2019”). You can also see in which year that is. You will recieve your state pension from the day you reach your state retirement age.
|Born in period:||Your state retirement age is then:|
|01-01-1953 to 08-31-1953||66 years and 4 months||this is in 2019|
|09-01-1953 to 08-31-1954||66 years and 4 months||this is in 2020|
|09-01-1954 to 08-31-1955||66 years and 4 months||this is in 2021|
|09-01-1955 to 05-31-1956||66 years and 7 months||this is in 2022|
|06-01-1954 to 02-28-1957||66 years and 10 months||this is in 2023|
03-01-1957 to 12-31-1957
01-01-1958 to 12-31-1958
this is in 2024
this is in 2025
If you were born after December 31, 1957
Your exact state retirement age is not yet known because it depends on life expectancy..
Your state retirement age will however be at least 67 years. Your final state retirement age is determined five years before your state retirement age starts. More information about the state retirement age is given at: www.svb.nl.
A statement in which you indicate that you will end your paid employment when the PPS benefit starts.
If you only convert part of your PPS balance into a PPS benefit, you must declare that you are reducing your paid employment for that part.
A standard statement that pension funds and insurers send to members annually to inform them about the benefits in the event of retirement, death and disability.
UWV stands for: Employee Insurance Agency.
If you become unemployed or disabled, you will be confronted with the UWV. If you are entitled to benefits such as unemployment benefits, WIA or disability benefits, you will receive this from the UWV. The UWV does this on behalf of the government.
For more information, visit www.uwv.nl.
A value transfer implies that you move your accrued pension entitlements to your new pension provider, for example in case you switch jobs and thus change your pension provider. There are certain condition attached to value transfers
The benefit depends on the investment return achieved by PDN, among other things. As a result, your benefits will change annually.
The variable income is the part of your income that is not fixed income. It usually depends on targets orperformances.
Examples include a profit distribution, production or performance bonus, commission, or share of turnover (DVO).
If you want to know exactly what falls under variable income within your company, please consult the document “Overview variable components per employer”.
The WIA (Work and Income Act) is based on a person’s capacity to work. The WIA also provides income protection in the event of occupational disability. The act consists of two parts:-the Return to Work for the Partially Disabled Scheme (WGA) and-the Persons Wholly Unit for Work Income Scheme (IVA).