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Spring 2019

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‘Pension in short’


“Pension in 1 minute.”

Pension is not only your future income. Pension is also protection for now. For instance if you become incapacitated for work. Or should you pass away.

Are your pension details and amounts up to date?

What do the Pension Planner, your My Pension account for NN CDC Pensioenfonds and the government’s pension website Mijnpensioenoverzicht.nl have in common? They show your personal pension details and amounts, subject to current regulations for pension and taxation. However, there are differences. It's a good idea to be aware of these differences when you look into your pension.

How much risk are you willing to take?

Do you see risk as a gain, a loss, an opportunity or an uncertainty? Are you willing to accept less return for more certainty? Do you feel confident about NN CDC Pensioenfonds' investment policy? The pension fund conducted an online survey to find out more about its participants’ risk appetite. This article reports on the outcome of the survey.

Are you the type who plans their future?

“If you fail to plan, you still plan but you plan to fail!” (Benjamin Franklin)

Have you planned your holiday destination for this year? If you love travelling, you probably set aside savings for that. Do you have a buffer for unexpected expenses and do you have enough financial scope for other things you’ve lined up for this year? Try extending your horizon. What are your plans for the long term? How much do you want to spend on realising those plans? How do you intend to pay for that and what are you prepared to give up? How much money will you have left to live comfortably later in life?

The administration of your pension plan

Are you employed by NN Group and covered by NN’s collective labour agreement (CLA)? The new CLA has not yet been agreed upon, the validity of the 2018 CDC pension plan has been extended into 2019. NN CDC Pensioenfonds will continue to administer the CDC pension plan unchanged for the time being.

Equity, bonds or real estate?

NN CDC Pensioenfonds invests pension contributions in order to make return on investment. That return is needed to pay out your pension benefits and to increase your pension so it keeps up with inflation. The pension funds spreads its investments across three asset classes: equity, bonds and real estate. This article explains how your pension fund makes the spread.

Pensions have been increased by 0.87%

NN CDC Pensioenfonds tries to increase the pensions of current and former NN Group employees and pensioners to keep up with the price index. For 2018, a partial increase (indexation) of 0.87% is allowed. This article explains how indexation works.

 

Take control of your pension

You're in your thirties and working hard to make a career for yourself. Although you’re still young, visiting the Pension Planner is worth your while. It will give you insight into pension rights you’ve built up through your current pension plan and any previous employers’ pension plans. You’ll find out what your pension is worth and what you can do to take control of your pension.

Login in two steps

You probably noticed it when you submitted your tax return, claimed expenses from your health insurer or visited the Pension Planner: the procedure for logging in with your DigiD has been changed. In addition to your user name and password, you now need an extra security check to log in.

When does your Dutch state pension (AOW) start paying out and how much will you get?

With effect from 1 January 2019, the AOW retirement age was raised to 66 years and four months. And after 2019, the AOW retirement age will continue to rise to take into account rising life expectancy in the Netherlands. At what age will your AOW start paying out? And how much will you get? Let us explain.