What happens in good times or in bad times?
The website Mijnpensioenoverzicht.nl provides an estimate of your future pension in good times and in bad. What you see is an estimate of your entire pension, including state retirement pension.
What do the amounts on Mijnpensioenoverzicht.nl mean?
The amount you have built up so far
This is the pension you have accrued so far. If you were to stop saving for your pension now, this would be the gross amount per year you will receive for as long as you live. On Mijnpensioenoverzicht.nl this amount has been calculated as if your pension commences at the same time as your state retirement pension.
The expected end result
In addition to the amount you have built up so far, you see three net amounts per month. These amounts are an estimate of the amount of the total pension you can achieve in three different situations. All amounts take into account the rising prices for groceries, housing and energy. The higher the prices, the less you can do with your pension money. The amounts show what your pension may be worth in the future. Important assumptions for all three amounts is that you will continue to work until you reach your state retirement age and continue to build up pension within your current pension scheme. If you stop working early, your pension will be lower.
We cannot predict how the economy will develop in the future. That is why a great many different 'futures' (scenarios) have been developed. In one scenario the economy does well (interest rate, returns, increasing costs of living). Another future scenario is based on 'bad times'. All pension funds and insurers use the same future scenarios for their calculations. You can see how high your pension is in all three situations.
- The expected end result
This is the pension you are likely to receive. There is currently a 50% chance that your future pension will be lower, and a 50% chance that your pension will be higher than this amount. - In good times
The positive scenario shows the amount you are likely to receive if the economic situation is good. At the moment, there is a slight chance (5% of the 'futures') that you will end up with an amount higher than the right-hand amount. - In bad times
The negative scenario shows the amount you are likely to receive if the economic situation is much worse than expected. At the moment, there is also a slight chance (5% of the 'futures') that you will end up with an amount lower than the left-hand amount.
What factors determine the pension amount?
The interest rate may rise or fall
If the interest rate rises, we need to keep fewer reserves for the future. There is a greater chance that we can increase pensions. If the interest rate falls, we need to keep more reserves. The chance that we can increase your pension will be smaller.
Investments may yield high returns, or very low ones
We invest your pension contribution for you. We cannot predict exactly what our investments will yield. We might experience a period of low returns, or even losses, on our investments. Long-term returns have proven to be good over the past decades.
Prices may rise sharply or, conversely, may fall
Rising prices of, for example, groceries, housing and energy, mean that the value of your pension decreases. You can purchase less with the same amount.
What other factors impact on your pension?
Changes in your private situation or at work may also have consequences for your pension. These include a higher or lower salary, working part-time, or a divorce. We have not taken possible changes in your private or work situation into account.