What type of pension does NN CDC Pensioenfonds provide?
NN CDC Pensioenfonds is the administrator of NN IP's pension plan. As such, we’ll provide you with an old age pension which will be paid out to you alongside your Dutch state pension (AOW). We’ll also provide your partner and children with a pension in the event that you pass away. And should you become incapacitated for work, your pension will continue to accrue (partly or fully, depending on the degree of your incapacitation). More information on these specific types of pension is available under the tab ‘What will I receive?’.
Retirement age: now and later
The pension fund's standard retirement age is currently 68, but that doesn’t necessarily mean you’ll be retiring at that age. By law, the standard retirement age will rise if life expectancy in the Netherlands rises. So by the time you retire, the standard retirement age might have gone up. It goes without saying that you can always choose to retire early, from your 60th birthday, but that means your pension benefits will be lower.
Fixed contribution
NN IP pays a fixed contribution to the pension fund on an annual basis. Every year, the pension fund assesses whether the fixed contribution will be sufficient to cover the pension accrual targeted for the year ahead. If the fixed contribution is insufficient, the accrual rate of your pension is lowered.
Your contributions to the pension plan are deducted from your pre-tax salary.
The amount of your contribution is specified in NN IP's collective labour agreement.
The CDC pension plan is the same for all employees of NN IP, which means changes are applied collectively. What is not the same is your individual pension accrual. Read more under the tab ‘What will I receive?’.
Former pension plans
You may have accrued a (minor) pension in Pensioenfonds ING. Pension accrual in this former pension plan was discontinued with effect from 31 December 2013. Pension accrued until that date is being retained in Pensioenfonds ING and is eligible for indexation. For more information, please contact Pensioenfonds ING. Pension accrual in the pension plan of Delta Lloyd stopped per 31 December 2019. More information is available here.