Insured partner’s pension as long as you are employed or accrue pension

Just as we do now, we will continue to provide a pension for your partner and children (if applicable) in the event of your death. The way you accrue a partner and orphan’s pension changes under the new pension scheme: this will become an insured pension. Have you already accrued a partner and orphan’s pension under the current scheme? If so, this will be carried over to the new pension scheme. We are happy to explain what this means for you.

Partner and orphan’s pension become an insured pension
As long as you are employed by your employer, your partner and children are insured for a partner and orphan’s pension. Your partner and children will receive this pension if you were to die during employment before your retirement date.

Partner and orphan’s pension amount
Should you die before your retirement date, your partner will receive a lifelong partner’s pension equal to 35% of your final pensionable salary (gross). This is the salary that serves as the basis for calculating your pension accrual. An orphan’s pension is also insured for your children in the event of your death prior to your retirement date. They will receive this benefit until they turn 25 and amounts to 20% of your final pensionable salary (gross).

Leaving employment with no other pension plan?
In this case your partner’s pension continues to be insured for a maximum of 3 months. You can then choose to continue to insure your partner’s pension yourself. This is voluntary and at your own expense. We will then deduct the corresponding insurance premium from your accrued capital.

If, immediately after your employment, you are eligible for an unemployment benefit (WW) or sickness benefit (ZW), the partner and orphan’s pension will continue to be insured for as long as you receive WW or ZW benefits.

New job
If you have a new job with a pension scheme, you will be insured for the partner and orphan’s pension with your new pension fund. In that case it is important to check the amount of the insured partner and orphan’s pension.

Have you accrued a partner and orphan’s pension under the current pension scheme?
If you have accrued a partner and orphan’s pension under the current pension scheme, we will convert this to capital under the new pension scheme. As a result, you do not lose that pension because of the conversion. Should you die before your retirement date, your partner and children (if applicable) – in addition to the 35% and 20%, respectively, of the final pensionable salary – are also entitled to the partner and orphan’s pension accrued under the current pension scheme. If there is no partner, the capital is converted into a higher retirement pension.