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Changing jobs

You are leaving your current employer and you want to know how this affects your pension. That depends on whether or not you remain employed in the same sector.

New job, same sector: no change

If you start a new job in the same sector, there is no change to your pension. You simply carry on accruing a pension with us. You do not have to take any action.

New job, different sector: accrual with different fund 

If you start a new job in a different sector, you will probably switch to another pension fund. The pension you have accrued with us remains yours. You have 3 options:

  1. You can 'leave your accrued pension with us'. You get an allowance later on in life. 
  2. You can transfer your pension to the new pension fund (pension value transfer).
  3. Have you accrued a small pension with us? Your pension will probably be transferred automatically to the new pension fund or insurance company.

You will be automatically notified by us and by your new pension fund or insurance company. That letter will tell you exactly what you need to know and do.

No new job: you choose if your pension accrual continues

Your pension accrual stops if you do not have a new job. You can, however, choose to carry on accruing pension with us. There are 2 possible situations:

  1. You receive unemployment (WW) benefits. You can carry on accruing pension. You pay part of the contributions yourself.
  2. You do not receive unemployment (WW) benefits. You can accrue pension at your own cost.

Lower partner pension if your job ends

Your partner gets a partner pension from us in case of your death. If your pension accrual with us ends, however, the partner pension automatically becomes lower. This is caused by the fact that part of the partner pension is insured on a risk basis. The risk-based partner pension lapses when your job ends.

You will be notified by us when your job ends. This letter will list exactly how much pension you have accrued for yourself and for your partner.