Pension is a valuable employment benefit. Together with the employer, you deposit money into your pension fund every month. You pay about 30% yourself, the employer pays about 70%. Every year, you build up pension on part of your gross salary. So you do not build up a pension on your entire salary. This is because ABP takes into account that everyone receives the state pension from the government when they reach retirement age. Pension from ABP is a supplement to that.
Your pension is arranged in general terms where much is already fixed. But there are also many choices that you have to make yourself. For example, when you stop working. Are you going to stop working altogether or will you be working less soon? Do you want to increase or decrease the pension for your partner? And how will you divide your pension benefits in the end? The choice is yours and it can often be a difficult and complicated one. ABP will be pleased to help you weigh up the options.
You can consult the details of your pension at www.abp.nl > Mijn ABP (only available in Dutch). There you will find your personal electronic file, and you can perform all sorts of calculations. You will also receive an annual pension statement from ABP.
Information in English
ABP provides information to its beneficiaries in Dutch, although understands that non-native speakers have difficulty translating this info. On the ABP website you can aslo find information in English about entering employment, leaving employment, retiring or what to do if your situation changes.