Your pension under the new rules

When you were still working in the sector, you and your employer contributed towards your pension every month. We will continue to invest that money for you. After all, investing yields a higher return in the long term than saving. We will take into account the preferences of people with a pension with PME. You won’t have to make any investment choices yourself. We will continue to do this for you.

You will receive a state pension from the government and your pension from PME for as long as you live, even if you live to well over a hundred years.

Did you know there are many options to choose from? For example, you can choose to retire before, on or even after your state pension age. You can also choose to receive a higher pension first and then a lower pension for the rest of your life.

When you receive a pension from us, the amount can only go up or down once a year. Just like now.

Have you accrued a partner’s pension and an orphan’s pension with us? Your partner and young children will receive that pension when you pass away. That won’t change.

Gains and losses will be shared collectively, as well as major risks, ensuring pensions remain fair and affordable for everyone.

After the switch, you’ll have your own pension pot. This will include the pension you accrued with PME and the profit or loss from investing. When you retire, your monthly pension will be paid from your pension pot. Good to know: the money in your pension pot cannot run out. You will always receive a pension, no matter how old you become.

The new scheme will allow us to take your age into account better. If you are still young, we will take more risk when investing, because this will yield more money, over time. The older you are, the less risk we will take. This means you have greater certainty about the amount you’ll receive when you stop working.

PME will switch to a contribution scheme. Under such a scheme, employees and employers in our sector agree on how much money goes to the employees’ pension pot, rather than on how much pension an employee will ultimately receive. There are therefore no guarantees regarding the amount of your pension under the new scheme. What you receive will depend on the return on investments, the interest rate and average life expectancy.

When you receive a pension from us under the new scheme, your pension can increase more easily than it can now. One of the reasons for this is that we will no longer be obliged to maintain big buffers. Windfalls are therefore more likely to end up in your wallet.

Your pension can also decrease. Fortunately, several measures will be in place to protect your pension. As a result, the risk of falls is likely to be limited, though they can never be ruled out entirely. In exceptional situations, your pension may decrease significantly.