Exchanging Partner’s Pension for extra Retirement Pension
In addition to your Retirement Pension you also build up a Partner’s Pension. You may have reasons to exchange the Partner’s Pension for a higher Retirement Pension. Maybe your partner also has a good pension, or maybe you have no (longer a) partner.
On your (early) retirement date you can opt to exchange the Partner’s Pension. After affecting this exchange, the Partner’s Pension can amount to 70%, 50%, 25% or 0% of the Retirement Pension that remains after the exchange.
If no partner is registered for a pension fund member, the Partner’s Pension will be exchanged in full unless the member informs the fund of his objection to doing so within one month before his/her retirement date at latest.
N.B.: this is a choice you can only make once! Once you have made the choice to affect the exchange you cannot go back on that decision. If you do have a partner registered with the pension fund, he/she must agree with the choice.
Would you like more information and/or wish to know exactly what our pension scheme offers you? See the pension scheme or the brochure ‘Pension Scheme for participants who commenced employment after 31-12-2005’.