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