Retiring earlier

If you retire early, your annual pension benefit will be lower than if you had retired at a later date. This is because your pension will be paid over a longer period. You should also remember that you will not receive AOW pension until you reach your AOW age. Having your pension come into payment before reaching your AOW age will also have tax implications. Further information is available at www.belastingdienst.nl. If you take full or partial retirement more than ten years before reaching your AOW pension age, you must stop working to the same extent.

If you wish to retire early, you must let us know at least six months before your desired retirement date. Use the special form provided for this purpose. Once your pension has come into payment, you cannot reverse this decision.

Retiring later

If you do not wish to retire until after 68 years of age, you can defer your pension until not later than your 70th birthday. In this case, you must continue to work. If you stop working, your pension has to come into payment immediately. If you retire later, your capital will probably be higher. And since your pension will be paid over a shorter period, you will also be able to purchase a higher pension with this capital.

You will receive an application form from us for your pension six months before your 68th birthday. You can use this to notify us that you wish to defer your retirement. Once your pension has come into payment, you cannot reverse this decision.

Consultation with your employer

If you wish to retire before reaching your AOW age, you should discuss this with your line manager.