Value transfer no longer possible

17 June 2020 | News

From June it will no longer be possible to transfer your accrued pension with the HPF to or from that pension provider in the event of a switch to another pension fund or pension insurer. A condition for value transfer is that the financial situation of both the HPF and the other pension provider is sufficient.

This is only possible if the policy funding ratio of both pension providers is 100% or higher. In May, the policy funding ratio of the HPF dropped to 99.4%. You can currently still request a value transfer to another pension provider, but we can only process it when the policy funding ratio of both the HPF and the other pension provider is 100% or higher again.

If your pension is less than € 497.27 per year (amount 2020), a pension provider may automatically transfer your pension. Also with the current state of the policy funding ratio. The HPF will still do these value transfers.

Read more about the funding ratios of the HPF

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