Why does the amount of my pension change?

You have received an overview with an estimate of your new pension. It shows whether your expected pension will be higher or lower under the new rules for pensions compared to the current rules.

There can be several reasons for this. For example, the way you accrue pension will change, we will invest differently, and we will distribute part of the reserves when we move to the new rules.

You can see how this applies to you in your 1sr overview 1. On this page, we explain the changes in more detail.

Higher or lower pension

Your new pension will move more with the economy. Your pension can increase faster if the economy performs well. It can also decrease if the economy performs poorly.

In the 1st overview, you can see whether your pension is higher or lower under the new rules. The overview also explains why.

Why a higher or lower pension?

This differs from person to person. Would you like to know how this applies to you? You can read this  in your 1st overview under ‘Your expected pension’. There you can see why your estimated pension is higher.

The 3 main reasons

  • We invest differently
    At the moment, we invest in almost the same way for everyone.
    Under the new rules for pensions, we will look more closely at your age. The amount of risk we take will depend on your age. This affects your expected pension.

    The younger you are, the more risk we will take. If the economy performs well, your personal pension pot can grow faster.

    As you get closer to your retirement date, we will reduce the risk. Your pension can still increase when the economy performs well, but it will rise less quickly than when you are younger.

    More about investing
  • You accrue pension differently
    At the moment, all contributions go into one collective pension fund.
    Under the new pension, the money you and your employer contribute will go into your personal pension pot. This means that pension accrual will better match the contribution paid for you.


  • Distribution of reserves
    Under the current rules, we keep large reserves.

    Under the new pension, we need fewer reserves. Therefore, we will distribute part of these reserves when we move to the new rules for pensions.

    This can increase your expected pension.

    Read more about the distribution of reserves

This differs from person to person. 
Would you like to know how this applies to you? You can read this in Overview 1 under ‘Your expected pension’. There you can see why your estimated pension is lower.

The main reasons

  • We invest differently
    At the moment, we invest in almost the same way for everyone.

    Under the new rules for pensions, we will look more closely at your age. The amount of risk we take will depend on your age.

    If you are young, we will take more risk.

    This means your personal pension pot can fall faster if the economy performs poorly. Because you are young, you still have enough years to recover from this. However, this may be why your expected pension is lower in the overview.

    As you get closer to your retirement date, we will reduce the risk.

    Your pension will then increase and decrease less quickly. This can also result in a lower expected pension.

    Read more about investing

  • You accrue pension differently

    At the moment, all money still goes into one collective pension fund. Younger participants also help build pension for older participants. This will change under the new pension. 

    The money you and your employer contribute will then go into your personal pension pot. This means that pension accrual will match the contribution paid for you.

    You can see what this means for you in your personal overview.

Go to MijnPGBpensioen to view your pension amounts.