Ga direct naar inhoud

Persoonlijk Pensioen Plan

  • Adjust your pension according to your wishes
  • View your options and submit your choices online
  • Insight into your income after retirement

Nederlandse versie

Your Persoonlijk Pensioen Plan from Nationale-Nederlanden

Your employer has opted for the Persoonlijk Pensioen Plan of Nationale-Nederlanden for your pension. This is an investment-based pension. You have a number of options for aligning your Persoonlijk Pensioen Plan better with your own situation and wishes.

What is the Persoonlijk Pensioen Plan?

The Persoonlijk Pensioen Plan is an investment-linked pension, also known as a defined-contribution agreement. This means that we invest the pension premium on behalf of your pension. When you retire, you purchase a pension benefit with the value of your investments. Any other options that may be available to you depend on the choices that your employer has made. For example, you may be able to purchase a guaranteed pension during the period in which you accrue pension. You can find the options available for your pension scheme in your Pension 1-2-3 or at mijn.nn.

What has been arranged for you?

A number of matters have been arranged for you by default in the Persoonlijk Pensioen Plan.

  • a pension for yourself;
  • a partner’s pension for your partner in the event of your death;
  • an orphans’ pension for your children in the event of your death;
  • waiver of premium in the event of occupational disability.

Available options in the Persoonlijk Pensioen Plan

Your employer can opt to include a number of additional options in the Persoonlijk Pensioen Plan. You may also be able to decide yourself whether you wish to make use of any of these options. Such options include:

  • disability pension;
  • Surviving Dependants Act shortfall pension;
  • purchasing a guaranteed pension;
  • paying in additional contributions to accrue more pension.

Furthermore, you are always free to change how your pension premiums are invested, for example by opting for lower or higher-risk investments.

Downloads (Dutch only)

Documenten genoemd in uw Pensioenreglement

In uw pensioenreglement (onderdeel van laag 3 van Pensioen 1-2-3) wordt u mogelijk voor enkele documenten en formulieren naar deze webpagina verwezen. Die vindt u hieronder. Let op: verwijst uw pensioenreglement niet naar deze documenten en formulieren? Dan zijn ze voor uw pensioen niet van toepassing.

Investment or guaranteed?

Your employer pays a contribution for your pension in each pay period. Your employer decides whether the contribution payment is to be fully for the employer’s account or shared by you and your employer. What we do with the contribution paid in, depends on the choices your employer has made and the choices you have made.

Your options

You generally accrue pension in the Persoonlijk Pensioen Plan because we invest on your behalf. If your employer has also chosen the option for you to purchase a guaranteed pension (Pension Click), you can purchase a guaranteed pension with (a portion of) your paid-in contribution. You can also purchase a guaranteed pension with (a portion of) of the value of your pension investments.

Depending on the choices your employer has made, there are in fact two possibilities:
1. Investing;
2. Investing and/or purchasing a guaranteed pension.

1. Investment pension

As a rule, we invest your pension premium in a lifecycle. This means that we gradually lower the investment risk as your retirement date approaches. We do this because as your retirement date approaches there is correspondingly less time to reverse any possible setbacks in the investments. This provides you with greater certainty about the level of your pension. If your retirement date is still a long way off, there will still be enough time to reverse any possible setbacks. It therefore makes sense to incur more risk in this phase of the pension accrual so that your investments are able to achieve a better result. We invest your contribution in the standard lifecycle of Nationale-Nederlanden or the standard lifecycle that your employer has chosen. You are allowed to change the form of investment yourself at any time.

Read more about investing in an lifecycle and how you can submit your investment choices on nn.nl/Investing-with-pension.
Do you want to know more about choosing your own investment funds from the selection of funds available within your pension scheme (self-investment)? You can read more about this on nn.nl/self-investment.htm

2. Investing and/or purchasing a guaranteed pension

With this option, we also invest your pension premium in a lifecycle, and you are free to change the form of investment yourself. However, you are also permitted to purchase a (partial) guaranteed pension. This provides you with greater certainty about the level of (a portion of) your pension. But with this option, you can no longer benefit from the positive results of the investments. The level of (this part of) your pension is fixed. No account is taken of inflation and therefore the fact that money loses value over time. Consequently, when you retire later on you may find that your pension is not able to purchase as much as you currently think it will do.

What has been arranged for you?

What has been arranged for you?

A number of matters have been arranged for you by default in the Persoonlijk Pensioen Plan. Depending on the choices made by your employer, there may be other matters that have been arranged on your behalf or where you are free to decide for yourself. You can find out what has been arranged on your behalf in mijn.nn and your Pension 1-2-3.

1. A pension for yourself

Retirement pension is the pension that you receive from the moment you enter retirement until your death. You can find the amount of retirement pension you are expected to receive on your Uniform Pension Statement (UPO) or at mijn.nn.

2. A pension for your partner in the event of your death

A partner's pension is a lifelong benefit for your partner in the event of your death. There are two kinds of partner’s pension:

  • A partner’s pension paid out in the event of your death before your retirement date. You are insured against this for as long as you remain in the employment of your employer. In the event of your death, your partner will receive a lifelong pension benefit, or will receive an amount that he or she will have to use to purchase a lifelong pension benefit. If your employment is terminated, this insurance will lapse as pension premium payments will cease. However, your partner and possibly your children (until a certain age) will as a rule receive 90% of the value of your investments in the event of your death. They will be obliged to purchase a benefit themselves with the proceeds. You may choose to forego this option. However, you will require your partner’s permission to do so. Forgoing this option means that your retirement pension will be somewhat higher.
  • A partner’s pension in the event of your death after your retirement date. While you accrue retirement pension for yourself, you also accrue pension for your partner in the event of your death after your retirement date. You accrue this partner’s pension regardless of whether you have a partner or not. On your retirement date, you can opt to exchange this partner's pension for more retirement pension. If you have a partner, you will require his or her permission to do this.

View the 'Pension and mortality risk’ video:

3. Pension for your children in the event of your death

An orphans’ pension is a pension for your children in the event of your death before your retirement date. If your employment is terminated, this insurance will lapse as pension contribution payments will cease. However, your partner and children will as a rule receive 90% of the value of your investments in the event of your death. They will be obliged to purchase a benefit themselves with the proceeds. You may choose to forego this option. Foregoing this option requires the permission of your partner. Forgoing this option means that your retirement pension will be somewhat higher.
The payment of the orphans' pension stops when your child reaches the age limit. Other rules apply if your child is disabled or is still studying. See your Pension 1-2-3 for further details.

View the 'Pension and mortality risk’ video:

4. Waiver of premium in the event of occupational disability

If you have a long-term illness and as a consequence work fewer hours or not at all, Nationale-Nederlanden will pay the premium instead of your employer, subject to specific conditions. This means, for example, that you will continue to accrue pension (partially) even if you are fully or partially incapacitated for work and you will remain insured for a partner’s pension and orphans’ pension.

What options do you have?

Depending on the choices made by your employer, you have the following options:

Surviving Dependants Act shortfall pension if you have a partner

The Surviving Dependants Act shortfall pension can be included in your pension scheme either as a mandatory or voluntary component.

  • If mandatory, you will always be insured for the Surviving Dependants Act shortfall pension.
  • If voluntary, you can decide yourself whether you wish to be insured for the Surviving Dependants Act shortfall pension if you have a partner. If you opt for the Surviving Dependants Act shortfall pension, you will possibly be liable to pay the contribution yourself. If you do not want insurance for the Surviving Dependants Act shortfall pension and you have a partner, your partner will need to provide his or her permission for you to make use of this option.

Consult your Pension 1-2-3 to find out if your employer has arranged a Surviving Dependants Act shortfall pension for you and, if this is indeed the case, whether you can make any choices yourself in respect of this disability pension.

What is a Surviving Dependants Act shortfall pension intended for?

The Surviving Dependants Act (Dutch acronym: ANW) ensures a basic income for people who have lost their partner: the surviving dependant's or ANW benefit. This is a benefit paid by the government. However, eligibility for this benefit is subject to strict conditions. You can find more information about this on the website of the Social Insurance Bank, www.svb.nl.

Because the majority people are not eligible for a surviving dependant's benefit, your employer can opt to arrange a Surviving Dependants Act shortfall pension for your partner. If you are insured for the Surviving Dependants Act shortfall pension, your partner will receive a fixed amount each year in the event of your death while still employed. Any other income your partner may have has no bearing on this payment. The Surviving Dependants Act shortfall pension stops when your partner reaches the state-pension age or, ultimately, in the month in which he or she turns 68.

Disability pension

Your employer can choose to arrange a disability pension for you. If you become occupational disabled, you may after 104 weeks receive a benefit from Nationale-Nederlanden in addition to the benefit paid by the Employee Insurance Agency (UWV). Consult your Pension 1-2-3 to find out if your employer has arranged a disability pension for you and, if this is indeed the case, whether you can make any choices yourself in respect of this disability pension.

Risks and your pension

Risks and your pension

The level of your pension is not fixed. In addition to changes in your private or work situation, there are also developments beyond your control. These developments can influence the level of your pension. We would like to explain what these risks are and how they influence your pension.

Inflation risk

Inflation causes money to lose value each year. That means your pension also loses value. Just think about it: you can buy less today for €100 than you could 10 years ago. Your pension therefore loses spending power. While you may believe that your pension will be sufficient, remember that your pension will lose spending power on account of inflation.

View the ‘Inflation Risk’ video:

Investment risk

Your pension (or a portion of it) will be invested. Investment is never without risk: there is no way of knowing today what the eventual value of your investment will be. Depending on the choices your employer has made, you decide how much risk you are willing to take. You can determine for yourself how much risk you feel happy with (your risk profile) by answering a number of multiple-choice questions.

View the ‘investment risk and your pension’ video:

Interest rate risk

If you are about to retire, you purchase a pension benefit yourself with the value of your investments. The amount of pension you can purchase with these investments also depends on the interest rate at that moment. The lower the interest rate, the more expensive the pension benefit. If the interest rate is low, the pension benefit you can buy will be lower than if the interest rate is high.

View the ‘Interest rate risk and investment-based pension’ video:

Longevity risk

If you are about to retire, the amount of pension you will receive depends not only on the value of the investments, but also on the life expectancy of the Dutch population. This is because people are living longer and longer and therefore receiving pension for a longer period of time. Pensions are falling because we have to pay out pensions for a longer period of time with the same money.

Viewing your pension online with mijn.nn

You can view information about your Persoonlijk Pensioen Plan online at mijn.nn. There you can also get insight into what you can expect to receive in the future and whether that will be sufficient. At mijn.nn you can furthermore see what the consequences might be if you adjust your pension, and you can immediately submit several choices.


Can we help you?