Once we have transitioned to the new pension, you may accrue less pension than you would now. This applies to certain groups of participants. You may be entitled to compensation for the pension you may miss out on in the future due to the transition.
This page provides information about:
Video about compensation
Why compensation?
When are you entitled to compensation?
Who decides whether you receive compensation?
How much is the compensation?
Are you still entitled to compensation if your situation changes?
Frequently Asked Questions
Watch the video about compensation.
The way you accrue a pension will change. At the moment, everyone pays the same contribution for the same amount of pension, whether you are young or old. As a result, young people pay relatively slightly more than necessary. Older people pay relatively less than necessary.
This means young people also pay for the pensions of older people. And once they are older themselves, young people will contribute to their pensions. This system works well if people stay with the same employer for their entire career. But these days, people change jobs more often.
Under the new pension, you contribute towards your own pension. Young people no longer pay for the pensions of older people. As a result, certain age groups may face a disadvantage under the new scheme. Employers (representatives) and employee representatives can agree on compensation for these groups.
You are likely eligible for compensation if you:
As soon as this is known, it will be shown at Mijn PGBPensioen. You do not need to take any action. The amount of the compensation will not be known until after we have switched to the new pension.
Do you work for an employer affiliated with one of the industries? Then this is determined jointly by your employers' organisation and the trade unions.
This is how the compensation is arranged for the industries:
If you work for an employer that is voluntarily affiliated with Pensioenfonds PGB, the compensation is determined jointly by the employer and employee representatives. The agreements regarding compensation are set out in your employer's transition
If compensation has been agreed on, the amount is stated in the agreements made by your employer and employee representatives. A percentage has been determined for each age group.
Unfortunately, we are unable to calculate your compensation at this time. Many figures will only be known when we transition to the new pension.
Are you reducing your working hours before the switch? Then the compensation is lower because your disadvantage will be less.
Suppose your situation changes before we switch to the new pension. For example, you retire before this date or you start a job somewhere else. In that case, you are no longer entitled to compensation from us, because you are no longer accruing pension with Pensioenfonds PGB.
You are also no longer entitled to compensation if, before the date of transition to the new pension, you:
Are you going to work less or take part-time retirement? In that case, you will receive compensation for the part you continue to work.
From the state retirement age, you no longer accrue pension with Pensioenfonds PGB. From that moment on, you are no longer entitled to compensation.
From the state retirement age, you no longer accrue pension with Pensioenfonds PGB. From that moment on, you are no longer entitled to compensation.
You only receive compensation if you are accruing pension. Are you on unpaid leave and not accruing pension during that period? Then you will not receive any compensation during that period either.
Has your unpaid leave ended, are you starting to accrue pension again, and has the period during which the compensation applies not yet expired? Then you will receive the compensation again.
You will not receive compensation in that case, because you are no longer accruing pension. As a result, you will not suffer any disadvantage from the transition to the new pension.
Yes, you can. Do you fall into one of the age groups eligible for compensation on the transition date (we expect 1 January 2027)? And are you (partially) incapacitated for work on the transition date, and are we paying the pension contribution for you? Then you may be entitled to compensation. See also 'When am I entitled to compensation?' and 'Who decides whether you receive compensation?
No, your employer will no longer be affiliated with Pensioenfonds PGB, and you will no longer accrue pension through your employer.
Of course, there are more reasons involved in your decision to change jobs. But if you are you changing jobs soon, bear this in mind: Not every employer offers compensation when transitioning to the new pension.
If your new employer does offer compensation, the rules may be different. Therefore, ask your new employer:
Want to know exactly what this means for your situation? Please contact Pensioenfonds PGB. We’ll be happy to assist you.
