How do you accrue a pension?

There are 3 ways in which you build up pension:

  1. State pension (AOW): you will receive this from the government if you live or work in the Netherlands. Read more on svb.nl;
  2. Pension with us: you are accruing this through your employer. This Pensioen 1-2-3 addresses this type of pension.
  3. Pension that you arrange yourself. For example by means of savings, an annuity or savings in a blocked account with your bank (banksparen).

Every year, you accrue a portion of your pension. Your total pension is the sum of all those years. This is called an average salary plan. We will add your increases, which you will receive every year, but only if our financial situation allows it. You will receive your pension when you reach the age of 68 for as long as you live.

Every year, you accrue a part of your pension over the pensionable base. The accrual percentage is 1.875% of the pensionable base. The pensionable base is your pensionable salary minus the offset (the part of your salary over which you do not accrue pension). The offset is set at € 13,897 (1st July 2019). You accrue pension with us over your gross salary up to € 107,593 (in 2019). This is the legally stipulated maximum salary over which pension may be accrued.

Every month a contribution will be deducted from your salary for your pension. In 2019, the total is 31.5% of your pension base. Your share of the contribution will be one third. Your employer will pay two thirds. Your pay slip states the exact amounts.