The standard retirement age at Mars Pension Fund is 68 years. You can choose to have your pension commence earlier. In our current pension plan this is possible from the age of 50. There are rules that determine whether you can continue working alongside your pension. These rules have changed with the introduction of the Future Pensions Act on 1 July 2023.
The new rules for continuing to work in the event of early retirement
Are you going to (partially) retire within 10 years before your state pension (AOW) date? Then you can continue to work alongside your pension. Are you (partially) retiring more than 10 years before your state pension (AOW) date? Then you have to stop working for that part. You must then declare to the pension fund that you will stop working for the part that you take your pension and that you do not intend to work again for that part later. This is called a declaration of intent. Until 1 July 2023, this limit was 5 years before the state pension (AOW) date.
The new rules also apply to pensioners
Are you already retired? Then these new rules also apply to you. Did you retire between 5 and 10 years before your state pension (AOW) date and did you sign a declaration of intent? Then this will be cancelled. If you have not yet reached your state pension age, you can go back to work if you wish.
Why have the rules for continuing to work in early retirement changed?
New rules for pensions apply since 1 July 2023. These new rules are contained in the Future Pensions Act (Wtp). Due to these new rules, your pension plan will change no later than 1 January 2028. Some new rules already apply, because this is beneficial for you as a member. For example, the rules for continuing to work alongside your pension. Since 1 July 2023, these also apply to your current pension plan.
Can I also retire earlier in the new pension plan?
The Future Pensions Act (Wtp) states that you can retire a maximum of 10 years before your state pension (AOW) age. This means that after the transition to a new pension plan, it is no longer possible to retire more than 10 years before your state pension (AOW) date. Mars and the Works Councils are currently making agreements about the new pension plan. These agreements also specify the age from which you can retire under the new plan.