A. General Old Age Pensions Act (AOW)
The AOW is the statutory pension that you receive from the government. You receive a full AOW pension if you have always lived or worked in the Netherlands in the 50 years before reaching your AOW retirement age. The AOW retirement age is no longer the same for everyone. To find out your AOW retirement age, go the website of the Social Insurance Bank (SVB): www.svb.nl.
The amounts of AOW pension are adjusted annually. For the amounts and further information about the AOW, consult the website www.svb.nl.
Important!
If you have not always lived or worked in the Netherlands, your AOW pension may be lower.
B. The occupational pension that you accrue
You can find out the level of this pension on your Uniform Pension Overview. You receive the Uniform Pension Overview once a year for as long as you accrue pension benefits with Philips Pensioenfonds. The UPO shows the retirement pension that you have now accrued and also the pension at your retirement age if you continue to accrue pension benefits with Philips Pensioenfonds until that time. The Uniform Pension Overview also shows details of the survivor’s and the orphan’s pension, i.e. a pension for your partner and children in the event of your death. If you go to www.mijnpensioenoverzicht.nl, you will also find an overview of all the pension benefits that you have accrued with any previous employers.
C. Your own supplementary pension provisions
You can arrange to supplement your AOW and your occupational pension, for example in the form of bank savings or an insurance policy such as an annuity.
Important!
If you earn more than € 137,800, you can save for extra pension via the voluntary net pension plan with Centraal Beheer PPI. To find out more about this, contact Centraal Beheer PPI.
Go to downloads