Most remains the same
Most remains the same
In many respects, your pension will remain the same. Here are the main things that remain the same.
In the new scheme, you and your employer will jointly deposit a premium contribution that constitutes about 26% of your pension base for your pension. Your pension base is the part of your salary on which your pension is calculated. Under the current scheme (from January 2026 to June 2026), the pension base amounts to 20.07% of pensionable earnings.
This includes:
- the contribution for the surviving dependant’s pension
- everything that is arranged in the event of the participant’s occupational disability, except for the part of your pensionable salary that exceeds the maximum daily wage
- certain costs of administration of your pension scheme
As in the current plan, you continue to accrue pension in the event of occupational disability.
Accruing a pension with waiver of premium payment
In the event of occupational disability, you continue to accrue capital for retirement without paying any premiums. Does your employment contract end and you were already on sick leave before termination of employment? Then you continue to accrue pension with a full waiver of premium payment. Are you partially incapacitated for work? Then you pay premium contributions only for the percentage you are still working.
Supplementary incapacity pension
The current plan includes supplementary incapacity pension. In the event of becoming incapacitated for work, you will receive a WIA benefit amounting to up to 70% of the statutory maximum daily wage. This is the wage that UWV (Employee Insurance Agency) uses as a calculation base for the amount of your benefit. UWV assumes the daily wage you earned in the period before the start of the benefit period.
Does your pensionable salary exceed a certain amount? Under the current scheme, you can receive WIA top-up benefits in the event of incapacity for work. This benefit supplements up to 70% of the part of your salary above the maximum daily wage. If you already receive the WIA top-up benefit now, you will continue to receive it under the new scheme. However, AO top-up benefits already in payment will be transferred to an insurer in early 2026. This includes employees who are currently on sick leave.
From 1 January 2026, for employees who go on sick leave after this date and eventually end up in the WIA, the TNO Pension Fund pension scheme will no longer offer a top-up to the UWV benefit if the pensionable income exceeds the maximum daily wage. Your employer offers an alternative solution to cover this situation.
- When you retire, you have various choices that affect the amount of your pension. The choices from the current scheme, such as a high-low pension, remain
- You decide when your pension comes into payment. In our pension scheme, the earliest you can retire is ten years before your state pension retirement date. Do you want your pension to come into payment later? This is possible up to a maximum of five years after your state pension retirement date
Check your state pension retirement age here to see when your AOW state pension is scheduled to come into payment.
Partner’s pension and orphan’s pension are continued. In the new pension scheme, this is no longer on a pension accrual basis, but on a risk insurance basis. This means that your partner and children are insured for partner’s and orphan’s pensions while you accrue pension with us. Your partner and children up to age 25 will only receive this pension if you die before the retirement date.
Are you leaving employment? Then the insurance for the survivor’s pension will continue for a maximum of three months. You can then choose to cancel or continue it against payment of the full premium. For example, if you (temporarily) do not have a new job with a pension scheme with another fund. The full premium is then charged to you personally. Your partner and children remain entitled to the survivor’s pension you have accrued in the current scheme with TNO Pension Fund. Do you have a new job with a pension scheme with another fund? The death insurance with TNO Pension Fund then automatically stops. You are then insured for survivor’s pension upon death with your new pension fund.
Have you accrued a capital for survivor’s pension in your current pension scheme? Then your partner and children will also receive that pension upon your death. The value of this survivor’s pension is paid out in addition to the survivor’s pension in the new pension scheme. As a result, you do not lose this pension due to the conversion.
As under the current rules, you get a pension for as long as you live, even if you live to be 105.