As an employee in Westland, you usually accrue pension through your employer. The premium is deducted from your salary or paid by your employer.
How does pension accrual work?
At many employers in Westland, pension is automatically accrued:
- Premium is deducted from your gross salary
- The employer often contributes a portion of the costs
- You accrue a portion of your pension annually
- The management of your money is handled by a pension fund or insurer
Different pension schemes
| Type | Description |
|---|---|
| Average salary scheme | Your pension is based on your average income |
| Defined contribution scheme | Fixed premium, final pension benefit depends on investments |
| Final salary scheme | Pension based on your final salary (rare) |
Franchise and accrual percentage
You do not accrue pension over your full salary:
- Franchise: a portion of your income over which no pension is accrued (due to state pension)
- Pensionable base: your salary minus the franchise
- Accrual percentage: the annual percentage you accrue (usually 1.5-1.875%)
Pension when changing employer
If you change jobs in or around Westland:
- Your accrued pension is retained
- You can choose to transfer your pension (value transfer)
- At your new job, you start a new accrual
Frequently asked questions about pension
Do I always have a pension scheme through my work?
No, not all employers, especially smaller ones in Westland, are required to offer a scheme. Check your contract.
Can I retire early?
Often you can stop up to 5 years before state pension age, but you will receive a lower benefit.
How do I get insight into my pension?
Via mijnpensioenoverzicht.nl you can view an overview of all your accrued pensions.
Extra questions about pension accrual
How much pension do I save annually?
This varies by scheme and salary. In an average salary scheme it is often 1.5% to 1.875% of your pensionable base. In a contribution scheme it depends on investment results. Ask your employer for details.
What if I work part-time in Westland?
You accrue pension over your part-time salary, but the franchise remains unchanged, which can lead to less accrual. Employers must treat part-timers equally in terms of percentage.
Can I save extra for pension myself?
Yes, via annuity or bank savings you can accrue extra with tax benefits. Some funds also offer voluntary contributions. Consult an advisor in Westland.
What is the difference between a fund and an insurer?
A fund manages pensions for a sector, an insurer is commercial and offers more choices. Both handle your premium and benefit, with different risks.
How does value transfer work when changing jobs?
You can take your accrued pension to a new scheme. Compare the conditions and request a quote from both parties.
What if my employer goes bankrupt?
Your pension is protected, managed by a fund or insurer. Via mijnpensioenoverzicht.nl you can always retrieve your details.
How do I know if my premium is being paid?
Check your payslip or mijnpensioenoverzicht.nl. If in doubt, you can ask your employer or fund in Westland for explanation.