You will receive this pension from your retirement date for as long as you live
Through your employer IFF, you participate in our pension scheme and you accrue retirement pension. Normally, you will receive this retirement pension when you reach the age of 67 years. You can also take your retirement pension earlier, however not before you reach the age of 55 years. You can also take it later, up to 5 years after you reach the age of entitlement to state retirement pension (AOW).
How much pension you will receive from us mainly depends on the amount of salary you have earned and the number of years you have been a member. You receive retirement pension for as long as you live.
You can see how much retirement pension you have accrued if you log in to My Pension. This is also shown on your Uniform Pension Statement (UPO).
The pension scheme in which you are a member is a defined benefit agreement. Each year, you accrue pension on a part of your salary up to € 73,136.- (in 2024) that you have earned in that year. You do not accrue pension on your whole salary. Your pension administrator takes account of the AOW you will receive from the government when you reach your AOW age. The part of your salary on which you do not accrue pension is known as the state pension offset. You accrue retirement pension at the annual rate of 1.875% of your salary less the state pension offset.
If you have accrued pension at more than one employer, you can see all the pension you have accrued at www.mijnpensioenoverzicht.nl.
Log in to view your personal pension situation
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You will be sent information on your pension and the options you have not less than three months before your retirement date. Go to MyIFFPension to view your pension situation.
Each year you accrue a piece of your pension. The pension you accrue in this way is the sum of all those pieces. From your retirement date, you will receive this pension for as long as you live. This is called an average pay scheme. Have you worked part-time for a number of years, for example 50% and then 100%? Then we also calculate the amount of your pension on the basis of the average part-time percentage over your entire IFF career.
You accrue pension per year. This takes into account your part-time percentage, if any, in that year. Does your part-time percentage change in a year? Then the pension is based on the average part-time percentage in that year. Your retirement pension is a sum of all the pension amounts you have accrued each year.
