Whether you have found another job or been made redundant: if you stop working for your employer, the contributions to your pension scheme also stop. This means that from that moment on, you no longer accrue pension in your pension scheme at Zwitserleven. This may affect your retirement income later. Below you can read about the options available and the choices you can make right now.
New job? Consider transferring your accrued benefits
Do you have another job? Congratulations! In that case, you can choose to leave your accrued pension with Zwitserleven or to transfer the value of your pension to your new employer’s pension scheme.
Do you have a partner? Opt for a partner’s pension
A partner’s pension is a financial top-up for your partner if you die before your retirement date. There are various times when you should think about a partner’s pension. Because if something changes in your situation, it can affect your partner's pension. So also if you stop working for an employer or have another job.
Partner's pension if you no longer work for your employer
Are you changing employers or leaving an employer for some other reason? Then it is good to think about the options available for a partner's pension. With a partner's pension you protect your partner from financial hardship if your income is lost due to your death. You have various options for a partner's pension.
Want to know your options? Then check out MijnZwitserleven.
When should you choose a partner’s pension?
There is no one right choice. It depends on how many people are in your family, your partner's financial situation and possible other financial sources such as savings or insurance. What options you have also depends on your pension scheme.
Pros
- Some of the loss of your income will be absorbed.
- You will save your partner from financial turmoil.
- Your partner will receive a lifetime income supplement if you die before your retirement date.
Con
- Continuing the partner’s pension leaves less for your own pension.
May suit you if:
- You have a partner who cannot cope with the loss of your income.
- There are no other financial resources such as savings or insurance in case of death.
- Not enough of a partner’s pension is provided for in your new pension scheme.
Probably suits you less if:
- You do not have a partner or there are already other financial resources such as savings or insurance in case of death.
- You prefer to seek a financial solution for the loss of your income that is separate from your employer’s pension scheme. This may be because you change jobs regularly.
- A similar or better partner’s pension is assured in your new pension scheme.
Need advice on your choices?
We are happy to help you make choices for your pension. These choices may have major financial implications. Our guidance covers only your pension scheme with Zwitserleven. Whether a choice is right for you obviously depends on your whole personal situation, now and in the future.
Perhaps you should consider contacting an adviser, who can give you an overview of all your financial affairs and help you to make the most suitable choices.