Choice stable or variable pension

Do you accrue pension capital with us? Then you have an important choice to make in respect of your pension when you are 58 years of age, or are about to turn 58 years of age. When you retire would you like a stable pension or would you prefer a variable pension? This choice determines how we invest your pension until you retire.

If you watch the film clip below, it explains the choices you have

What will you receive when you eventually retire?

When you eventually retire, you can have either a stable or a variable pension. From the end of 2019 onwards, participants who accrue pension capital with us will be given a choice around the age of 58. Are you already older than 58? Then you do also have this choice. 

Stable pension

By a stable pension we mean that the level of monthly pension you receive will be more or less the same for the rest of your life. While our aim is to increase this pension (indexation), we may have to reduce it (cut back), if our financial position requires this.

Variable pension

By a variable pension we mean that the level of your pension may change from month to month. Your pension will always depend on the investment results. These could be positive; but they could also be negative. The monthly pension you receive is therefore variable.

The choice you make around the age of 58

Would you like a stable or variable pension on retirement?
Until your 58th birthday, we invest all of your accrued pension capital. Are you turning 58 soon? If so, at the end of that year you must choose whether you want a stable or variable pension on retirement. You will receive a letter from us about this.

How do you make a good choice?

We consider it very important that you know what these choices mean for you, given your own situation. Consequently, we are providing you with information about the choices. Ultimately, it is you who decides which choice is best for you.

We will send you information around your 58th birthday. You will also be sent the Comparing options leaflet in which we have listed the most important features affecting your choice. In addition, the information on this site should help you make a choice.
 

Have you previously opted for a stable pension?
If so, when you eventually retire, you will receive a stable monthly pension from us. More information about applying for a pension, and the options you have, can be found here.

Have you previously opted for a variable pension?
If so, when you retire you have to make a final decision as to whether you want to purchase a stable pension with us or transfer your pension capital to another provider. You will receive a variable pension from that provider. We will automatically provide a proposal in respect of a stable pension with us. You personally have to ask for a variable pension proposal from other providers.

How do you make a good choice?
We consider it very important that you know what these choices mean for you, given your own situation. Consequently, we provide information about the choices. Ultimately, it is you who decides which choice is best for you.

If you are to retire soon, we will send you information. You will also receive a proposal from us regarding the purchase of a stable pension with us. 
In addition, the information on this site should help you make a choice. 

Our answers to frequently asked questions: