Pension 123 Layer 2

Temporary retirement pension

Temporary retirement pension 

You can also have your pension come into payment before reaching your AOW age in another way, by effectively selling a part of your retirement pension. You use the proceeds of the sale to purchase a temporary retirement pension (TOP). This will bridge the period until you reach your AOW age, which is still in the future at this point. Your retirement pension both before and after your AOW age will be lower, as you will have already sold part of your retirement pension.

The combination of your retirement pension and the TOP means you will receive a higher pension until you reach your AOW age.

Frequently asked questions

Conversion factors are figures we use to calculate your pension if you make certain choices. The conversion factors are based (among other things) on average life expectancy and the level of interest rates. Changes in value are established annually and are thus subject to change. This means that a calculation you have made using last year’s factors may produce a different result when you use the factors from this year. We set the conversion factors six months before 1 January, so you can calculate the effects of your pension choices at least six months in advance. The ultimate difference between the amounts shown in My Planner and your final pension will then be minimal. You can also make an indicative calculation in MyMarsPension.

The factors are listed in the appendices to the pension plan rules.