pensioen123 laag2

What are your options?

Waardeoverdracht

Transferring your pension

You are working for IKEA. As a result, you accrue pension under our pension plan.

You may transfer the pension that you have accrued earlier to our fund
This is called a value transfer.You can apply for a value transfer with us. You can apply via What must I do if … value transfer. Do you agree to our proposal? Then we will arrange the transfer.

Is your pension € 2.- or less per year? In that case your pension will lapse as is stipulated by law. For the administration costs are more than € 2.-.

Is your pension less than € 503,24 per year in 2021? Then your former pension fund or insurer (‘pension administrator’) may transfer your pension to us automatically. Check the latest pension statement that you received from them to see if you need to take any action yourself in order to have your pension transferred to us.

If you change jobs in the future
Will you be changing jobs and participate in another pension plan? Then you will start accruing pension under that pension plan. In that case you can also transfer the pension that you have accrued. You can apply for a value transfer with your new pension fund.

Is your pension with us less than € 503,24 per year in 2021? Then we will arrange the transfer automatically. Is your pension € 2.- or less per year? Then your pension will lapse.

You do not need to transfer your pension if you start a new job within IKEA. You will then continue to accrue pension with us. So your pension plan will not change.

Do you opt for value transfer?
Then your pension will remain together. Later, you will get your pension from one pension fund.

Do you not opt for value transfer?
In that case your accrued pension will remain with your former pension fund. You will not pay any contribution anymore and also not accrue any pension any longer. Later, you will receive that part of your pension from your former pension fund.

Think carefully whether value transfer is advantageous for you
A value transfer can be convenient. It allows you to keep your whole pension together. But there may also be disadvantages. Therefore, look thoroughly at the financial situation of your former and your new pension fund first. Does your new employer offer a better pension for your surviving dependants? Or will there be less chance of pension curtailment at your new pension fund? In that case value transfer can be advantageous. Of course, the reverse is also possible.

This information may be helpful to make a choice

  • The Pensioen 1-2-3 of your former and your new pension fund
    You can see what each fund provides and does not provide. And whether your pension may increase in the next few years.
  • Compare your pension
    You can use the pension comparison tool (‘pensioenvergelijker’) to compare the most important features of your pension plans. This way you will immediately see the differences. You find the pension comparison tool in layer 3.

Not sure what is the most sensible to do? Then it is advisable to consult your financial advisor.

If the financial situation is not healthy, value transfer may not be immediately possible
The financial situation of both your former and your new pension fund must be healthy. Their policy funding ratio must be at least 100%. This is stipulated by law. This way the government prevents you from running risks.

Is the financial situation not healthy? Then you can apply for a transfer, however. But your pension will remain with your former pension fund until the financial situation of both funds is healthy again. After that you will receive a proposal. You can then decide if you wish to transfer your pension.

What is the policy funding ratio?
The policy funding ratio is the relation between:

  • the capital of the pension fund and
  • the funds the pension fund needs to pay the current and future pensions.

When the funding ratio is 100%, the two will be equal. In that case there will be exactly enough money for all the pensions to be paid.

Each fund will measure the policy ratio over the last 12 months. We will take the average of that. This is called the policy funding ratio. We measure this every month. Read more about our financial situation on Latest news.

If you start a new job in another country
Are you starting a new job in another country? Then it may be possible for you to transfer your pension. This depends on the pension system in that country and the pension plan of your new employer. Do you wish to know more? Then ask your new employer if you can transfer your pension to your new pension fund.

pensioenvergelijker

Comparing your pension

Have you accrued pension with various pension funds, as a result of changing jobs several times? Then the arrangements regarding your pension may be different. For each pension fund has their own pension regulations.

It is important to know the differences between your former and new pension plan. For instance if you apply for a job with an employer with a different pension plan. Or if you want to transfer your former pension when starting a new job.

You can use the pension comparison tool ‘pensioenvergelijker’ in layer 3 to compare the most important features of your pension plans. You will see the differences at once.

ruilen

Exchanging retirement pension for partner's pension

With us, the partner’s pension is risk-based insured. In the event of your death during employment, your partner will receive a partner’s pension. Do you leave employment? Then we will automatically exchange part of your retirement pension for partner’s pension. In order to do so, your partner must be known to us. You may decide to reverse this exchange. In that case we need your partner’s written confirmation of this choice.

On your retirement date you make a final choice for partner’s pension.

This is how it works

  • Your own pension will become lower. In the event of your death your partner will receive a partner’s pension.
  • After the exchange the maximum partner’s pension is 70% of your (lower) retirement pension.
  • You may choose another allocation ratio between retirement pension and partner’s pension.
  • Your choice will be definitive, you cannot undo it.
  • Apply for this at least 3 months before you wish to retire.
  • The amounts on your Uniform Pension Overview will change.

Did you participate in our pension plan before 1 January 2021?
Then you have also accrued partner’s pension, which is subject to the regulations of your former pension plan. You will find more information on the website.

Want to know more?

  • You will find more information in our pension regulations in layer 3.
  • Your Uniform Pension Overview shows your pension amounts. We send you this each year. You will find it in My pension.
ruilen_partner_ouderdom

Exchanging partner's pension for retirement pension

The partner’s pension is risk-based insured with us. In the event of your death during employment, your partner will receive partner’s pension. If you leave employment we automatically exchange part of your retirement pension for partner’s pension. In order to do so, your partner must be known to us. You may decide to undo this exchange. In that case your partner’s written consent is required.

On your retirement date you make a definitive choice for partner’s pension.

This is how it works

  • Did you exchange retirement pension for partner’s pension before? Then you may undo this by once again exchanging partner’s pension for retirement pension.
  • Do you have a partner? This option requires your partner’s written consent and signature.
  • You may exchange the entire partner’s pension or part of it for retirement pension.
  • Your own pension will become higher. In the event of your death your partner will receive less or no partner’s pension.
  • Your choice will be definitive, you cannot undo it.
  • Apply for this at least 3 months before you wish to retire.
  • The amounts on your Uniform Pension Overview will change.

Did you participate in our pension plan before 1 January 2021?
Then you have also accrued partner’s pension, which is subject to the regulations of your former pension plan. You will find more information on the website.

Want to know more?

  • You find more information in our pension regulations in layer 3.
  • Your Uniform Pension Overview shows your pension amounts. We send you this each year. You will also find it in My pension.

Earlier retirement or deferment of retirement

As a standard, your pension with us will commence when you reach the age of 68. You may, however, also retire at another age. For example when your state pension (AOW) commences.

Early retirement
Maybe you wish to retire early. In that case, your pension will also commence earlier. We offer the possibility to retire from age 63. Taking early retirement means you will have less pension. That is because we have to pay your pension over a longer period. And because you accrue pension over a shorter period.

So taking early retirement has financial consequences. You will probably not receive state pension (AOW) immediately. Read more about your AOW age at SVB.nl.

Deferment of retirement
You may defer your pension commencement date until 5 years after reaching your AOW age at the latest. You will receive a higher monthly pension since we have to pay your pension for a shorter period. With STIP your pension accrual stops at the age of 68.

You can also partially retire early or defer you pension
We also offer the option of partial early retirement or partial deferment of your pension. Then you carry on working for the remaining part. Check What are your options? in this Pensioen 1-2-3.

This is how you arrange it

  • First, discuss your wishes with your employer. Together you make agreements about your wishes.
  • Do you wish to retire earlier? Then file a request with us 6 months in advance.
  • Do you wish to defer your retirement? You will receive a notification from us 6 months before your 68th birthday providing you with information on how to apply for pension and how to communicate your choices to us.

You will find all conditions in our pension regulations in layer 3. Do you want to know how much pension you will receive if you retire early or defer your pension? You will find more information in My pension.

deeltijdpensioen

Part-time retirement

As a standard, your pension with us will commence when you reach the age of 68. Do you prefer not to fully stop working at once and to first retire on a part-time basis? We offer you this option. Your pension with us will then commence step by step. You yourself choose how much pension you withdraw. This is called part-time retirement.

Do you take part-time retirement? Then your pension will later be higher than if you fully retire at once.

These are the conditions

  • You can have your pension commence from the age of 63.
  • You fully retire 5 years after your state pension retirement age (AOW-age).
  • Each year you may increase the percentage for which you retire. So for instance from 50% to 75%.
  • You cannot stop or decrease the part of your pension that has commenced.

This is how you arrange it

  • First, discuss your wishes with your employer. Together you make agreements about your wishes.
  • Do you want to retire on a part-time basis at the age of 68? You will receive a notification from us 6 months before your 68th birthday with information on how to apply for pension and how to communicate your choices to us.
  • Do you want to retire on a part-time basis before the age of 68? Then notify us 6 months in advance.

You will find all conditions in our pension regulations in layer 3.

hoog_laag_laag_hoog

Receiving a higher pension first

When you retire, you will receive a lifelong fixed pension benefit. But you may prefer to receive a higher retirement pension at first. For instance because you will not yet receive state pension (AOW). If you choose this option you will receive a lower pension later.

There are some conditions

  • Do you retire at the age of 65 or before? Then the first period may last until the age of 68 or 73.
  • Do you retire after you reached the age of 65? Then the first period may last until the age of 73 or 78.
  • Your lower pension is at least 75% of your higher pension.
  • You can only make this choice if you fully retire. So you cannot make this choice if you retire on a part-time basis.
  • Apply for a higher pension first and a lower pension later 6 months before you wish to retire.
  • Your pension in the first and second period differs from the amounts on your Uniform Pension Overview.

You will find all conditions in our pension regulations in layer in layer 3.

State retirement compensation
Do you take early retirement before receiving state pension (AOW)? Then you may exchange part of your retirement pension for a temporary state retirement compensation. You determine the level of the state retirement compensation yourself. However, on a yearly basis it must not be higher than twice the state pension for married persons, including holiday allowance. In 2021 this amounts to € 21,816.-. If you opt for state retirement compensation, the state pension you will later receive will be lower.

You can apply for this option only once
Have you chosen the option to receive a higher pension at first and a lower pension later? That choice if definitive; you cannot undo it afterwards.