Defined benefit

You will receive a letter or an email from us six months before your retirement date. We will then ask you to make choices for your pension income in MijnZwitserleven. First, you'll explore the options. When it's time to make a final decision, we'll send you a reminder. Once you've made your choices and informed us, we'll take care of the rest.

When your retirement date arrives, you'll receive pension income based on your choices. If you haven't made any choices, you'll get the default pension currently shown in MijnZwitserleven. Depending on the pension scheme, your pension income will be paid monthly or quarterly. You can find this information in the pension commencement letter. How we pay out, monthly or quarterly, is determined in your pension scheme rules.

You can tailor your pension income to fit your personal circumstances. Depending on the pension scheme rules, you have certain options. Review these and then indicate your choices to us in MijnZwitserleven.
We recommend seeking advice on this matter. Below you will find the most common choices.

Choosing your retirement date: Retiring early or retiring later

Do you want to start receiving your pension on the set retirement date? Or do you prefer to start drawing your pension earlier or later?

Arranging partner’s pension for your partner

Do you have a partner? You may opt for your spouse to receive a lifelong pension after your passing.

A temporary higher pension income.

A temporary higher pension to cover, for example, mortgage payments, travel to far-off destinations, or a gap before state pension payments begin.

Lump sum withdrawal: not yet determined.

You might have already heard about it: taking a lump sum withdrawal. The exact conditions are not yet known. However, it might become possible to withdraw 10% of your pension capital in one go.

Commuting a small pension.

You can commute a small pension that yields a maximum of €594.89 gross per year on your retirement date.

Could you use some assistance with these options? Then take advantage of our handy tools.