How does it work?
 

Step 1: You request a value transfer yourself. You do this using the value transfer form. On the form you fill in the details of your old pension provider.

Step 2: We request information about your accrued pension.

Step 3: On the basis of the information from the old pension administrator, we calculate the pension capital we can give you on the retirement date. You will see this in the quotation.

Step 4: Now it is up to you to weigh up whether a value transfer makes sense. For this you can make a comparison between your old pension scheme and the new one with us. Use the Pensioenvergelijker for this purpose.

Step 5: Do you agree with the offer? Then we request the capital from the old pension provider.

Personal consultation  

If you have questions about pension (regarding a value transfer/imminent retirement/continuing to invest, etc.), your employer Mars offers personal consultations in cooperation with a financial adviser from Kröller Boom. You can request one personal consultation at Mars’ expense. You can apply for a one-to-one interview with a financial adviser from Kröller Boom by sending an e-mail to mars.pensioenvragen@krollerboom.nl or by calling us on 033-75 05 000. If you do not effect a value transfer, your pension will remain with your former pension fund or insurer.

You can easily see where you have previously accrued pension at www.mijnpensioenoverzicht.nl.

If you take a new job elsewhere, you can take the capital you have accrued in Mars Pension Fund with you to your new pension fund or insurer. You must apply for this value transfer with them.

The amount of your accrued capital determines what happens with your pension

If the pension you can purchase with your accrued capital is more than € 632.63 per year, it is up to you to decide whether to take your pension with you or not. This may be beneficial, for instance if your new employer offers a better pension plan. Or you may prefer to have all your pensions with one administrator. In that case, you should inform your new pension administrator that you wish to take your pension with you. You arrange this with your new pension administrator. If you do not wish to take your pension with you, it will remain at the Mars Pension Fund.

Value transfer of small pensions

If the pension you can purchase with your accrued capital is less than € 632.63 per year and more than € 2 per year, the Mars Pension Fund will automatically arrange for your pension to be transferred to your new pension administrator. Mars Pension Fund accordingly checks the National Pensions Register each year to see if you are accruing pension with a new pension administrator. If you do not have a new pension administrator, your pension will remain with the Mars Pension Fund.

Does your pension accrual stop and is the pension you can purchase with your accrued capital € 2 or less per year, you will not receive this pension and it will revert to the pension fund. This is a legal arrangement.

Value Transfer and New Pension Rules

Due to the new pension rules, different rules may apply to value transfers. This is because not all pension providers are switching to the new pension plan at the same time. As a result, value transfers may temporarily not be possible in some cases.

For example, you currently cannot transfer your pension from Mars to a pension provider that has already switched to the new system. Value transfer is only possible if both pension providers operate under the same pension system.

On the website www.waardeoverdracht.nl, you can see which pension provider is switching to the new plan and when. What this means for you varies by situation. For personal questions, please visit our website or contact the pension coaches at your pension fund. They will be happy to assist you. You can find more information on the new pension rules here.