Pension plan

Deposit

Your employer deposits money into your pension account every month. The amount corresponds to 4% of salary up to 12G.

If you get sick

If you are out of work due to illness for more than 12 months, the deposits will continue, but then the insurance company deposits the money into your account. They do this until you either recover, die or turn 67 - even if you in the mean time quit working for the employer.

Payment of the retirement pension

You choose when you want to withdraw money from the pension account. The earliest possibility is when you turn 62, 75 at the latest. The pension must be paid over a period of at least 10 years. But if you start withdrawals earlier than age 67, it must be paid out at least until you turn 77.

If you die

The (remaining) balance in your pension account is paid out as a pension of 1G per year to children under 21 years of age. If the balance is greater than what is needed to ensure this for children, the remainder is used to secure a pension for a spouse, cohabitant or registered partner for at least ten years.