Understanding the development of your personal pension capital
From now on, you can see how your personal pension capital develops each month in My Pension.
Each month, we process the financial result of the investments in the personal pension capital. This result can be positive or negative. As a result, your personal pension capital may increase or decrease. You can follow these developments in My Pension.
If you work for HEINEKEN, you will also see the contributions that you and HEINEKEN pay each month towards your pension. If you already receive a pension, you will see the pension payments that are made each month from your personal pension capital.
Below, we explain where you find the development of your personal pension capital and we explain the meaning of the different terms.
How to find the development of your personal pension capital
Active member (you work for HEINEKEN); and | Pensioners |
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These items affect your personal pension capital each month
1. Contributions and Pension Paymentsa. If you work for HEINEKEN You and your employer pay pension contributions. These contributions are added to your personal pension capital each month. You will see this under Added as Net pension contribution. b. If you receive a pension Your pension payment is paid each month from your personal pension capital. You will see this under Deducted as Pension payment. |
2. Protection ReturnThe protection return is the result of interest rates and changes in interest rates. This result can be positive or negative. If you are over the age of 51 or already receive a pension, part of your personal pension capital is protected against the negative effects of interest rate movements. |
3. Excess ReturnIs there a positive financial result after the protection return has been allocated? Then this result is added to your personal pension capital as excess return. If there is a negative financial result, it is deducted from your personal pension capital. |
4. Longevity and Mortality ResultThis is the result arising from participants living longer or shorter than expected. This result can be positive or negative. |
5. CostsYou do not see costs listed separately because they have already been deducted from the financial results. For more information about the costs you pay for your pension, please see our costs overview. |
6. Monthly ResultMonthly result shows the amount that has been added to your personal pension capital during that month or, if the result is negative, the amount that has been deducted from your personal pension capital. |
Interest rates and investment returns affect your personal pension capital
The investment result, interest rates and changes in interest rates all affect your personal pension capital. As a result, your personal pension capital may decrease one month and increase the next. If you are retired, fluctuations in your pension payments are also cushioned through the spread of excess return and the solidarity reserve.
Why the amounts in the pension planner and My Pension differ
The pension planner only uses the personal pension capital you currently have with us. Future contributions and future investment returns are not included. The expected pension shown on the first page of My Pension does take into account future contributions and possible future investment returns.
The amounts shown in My Pension and in the pension planner are estimates of your gross pension. Taxes and social security contributions still need to be deducted from these amounts.
In addition, the amounts shown in My Pension are not guaranteed. They move in line with financial developments and can therefore change from month to month. The pension amount you see is only an estimate.
If you already receive a pension, your personal pension capital also changes each month in line with financial developments. However, your pension payment does not. Your pension payment remains fixed throughout the calendar year. Your pension payment is adjusted once a year based on the financial result achieved. After this adjustment, the pension payment remains fixed again for the next calendar year.
If the financial result is negative, a reserve is used: the solidarity reserve. This reserve is designed to help prevent pension payments from being reduced as much as possible.
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