In our welcome letter you can read what you will and will not receive in our pension scheme. This is important to know, for example if you change jobs. The welcome letter does not contain any personal information about your pension. You can find this information on mijnpensioenoverzicht.nl, on your annual Uniform Pension Overview ('UPO') and on My PPF APG.
More information about all topics in the welcome letter you will find on "Wat is pensioen" (Dutch). Legal and policy information from PPF APG you will find at pension regulations (Dutch).
Please note that only the information in the welcome letter is available in English. All other information and legal documents are in Dutch. For more detailed information about your pension scheme, please contact your HR department.
Here you will find the information from the welcome letter.
Old-age pension
Are you retiring? Then you will receive an old-age pension. You will receive that retirement pension at your AOW-age. Check it at Sociale Verzekeringsbank.
Partner's pension and oprhan's pension
In case you decease when you are accruing pension at PPF APG, your partner will receive partner’s pension. Your children receive an orphan's pension.
Invalidity pension
Are you (partially) incapacitated for work? In certain cases, your pension accrual can continue for the part that you are incapacitated for work. You do not pay a premium for this. You may also be entitled to an invalidity pension for that part.
Read more about invalidity pension (Dutch)
Pension scheme
You want to know exactly what our pension scheme offers you?
View the pension scheme (Dutch)
Leaving PPF APG
Are you leaving PPF APG? Then your partner and children will receive less or no pension in case you decease. You can make other choices.
At PPF APG, the insurance for partner pension and orphan's pension continues for 3 months after your participation ends. After that, your partner and children will no longer receive anything, unless you choose to voluntarily continue your insurance.
You accrue pension in three ways
1. AOW: you receive this pension from the government. You can read more about the AOW on the website of the Sociale Verzekeringsbank.
2. Pension with PPF APG. You build up this pension via your employer.
3. Pension that you arrange yourself. For example with a life insurance or bank savings.
These three ways are called the ‘three pillars’. Read more about the three pillars (Dutch)
Premium scheme
With PPF APG you and your employer pay a contribution every month. Part of the contributions that you as an employee pay together with your employer end up in your personal pension pot. Plus the return on investments. Your final pension income depends on the contributions paid and the return on investment. This is called a premium scheme. On your retirement date, we convert the money from your pension pot into a monthly pension. You will receive this pension for as long as you live.
Good to know: Your pension is recalculated every year and can therefore change. You can find more information here. (Dutch)
Treshold amount
When building up pension, we take into account that everyone will receive AOW. Therefore you do not accrue pension over your entire gross salary. This threshold amount is also known as the deductible.
The threshold amount in 2025 is € 18.475.
This 'threshold amount' is approximately equal to the AOW (state pension) payment that you will receive from the government as of your state pension age.
Value transfer
Have you accrued pension elsewhere? You can transfer your previously accrued pension to PPF APG.
Read more about value transfer (Dutch)
Exchange retirement pension for surviving dependents’ pension
Would you like to exchange (part of your) retirement pension for extra surviving dependents’ pension for your partner? You can do that when you retire. You then use part of your personal pension assets. This way you ensure that your partner receives a surviving dependents’ pension if you die after you have retired.
Read more about exchanging retirement pension for surviving dependents’ pension (Dutch)
Exchanging surviving dependents’ pension for retirement pension
We assume by default that you opt for a surviving dependents’ pension if you have a partner. For the amount of the surviving dependents’ pension, we assume 70% of your retirement pension. You can choose to convert (partially) the surviving dependent's pension into an retirement pension for yourself. Your partner will then receive less or no surviving dependent's pension when he dies. You can choose this when you retire.
Read more about exchanging retirement pension for surviving dependents’ pension (Dutch)
Did you accrue pension with PPF APG before January 1, 2025
Then you have also accrued a surviving dependent's pension. You can also (partially) convert this surviving dependent's pension into an retirement pension for yourself. You can find more information here. (Dutch)
Retire sooner or later
Do you want to retire sooner or later? You must request this 3 months before the wanted start date.
Read more about retiring earlier (Dutch)
Read more about retiring later (Dutch)
All options
Would you like to see all options? All other pension options can be found here. (Dutch)
Risk
The amount of your pension upon retirement is not fixed. The amount of your pension assets and the pension you ultimately receive depends on the investment results. We do our best to grow your pension assets. But there are also risks. The pension pot can also decrease. We use buffers to prevent your (expected) pension from immediately being decreased.
If you log in here you can see how your pension pot changes with the economy. (Dutch)
Wage
We try to grow your pension pot every year. This is only possible if the financial situation of PPF APG is good enough. Below you can see how we have increased the pensions for participants until January 1, 2025:
** The pensions were increased until January 1, 2025. In this way we ensure that pensions grow as much as possible with price increases or wage increases. From January 1, 2025, the increase in your pension assets will depend on the investment results.
Increasing or decreasing your pension
Your pension moves with the economy. As a result, your pension may fluctuate. Your pension may therefore become higher or lower. We do our best to keep your pension as stable as possible. Agreements have been made about how we do this.
Read more about increasing or decreasing your pension here (Dutch)
Costs of your pension
PPF APG incurs the following costs for administering the pension scheme:
• Administration costs.
• Costs of managing the assets.
• Operational costs
Read more about the costs here. (Dutch)
Change jobs
If you change jobs. You can transfer your previously accrued pension to your new pension provider.
Read more about value transfer (Dutch)
Incapacitated for work
If you become incapacitated for work. Your pension accrual may continue or you may be entitled to an invalidity pension.
Cohabitation agreement
If you have or enter into a cohabitation agreement. Please let us know.
Read more about cohabitation (Dutch)
Terminate a cohabitation agreement
If you terminate a cohabitation agreement. Please let us know.
Unpaid leave
When you take an unpaid leave.
Read more about unpaid leave (Dutch)
Move abroad
If you move abroad. Do you live abroad? Then you must provide us with certain information such as a marriage or divorce.
Read more about moving abroad (Dutch)
Become unemployed
When you become unemployed. You have the option to continue your pension accrual yourself under certain conditions.
Read more about unemployment (Dutch)
Mijnpensioenoverzicht
Review how much you have built up in total on mijnpensioenoverzicht.nl.
Do you have questions?
We are happy to help you. Send us an email or call us on 020 583 59 15.