If your situation changes?

Welcome to Flexsecurity! You have been employed for 8 weeks and will now start accruing pension through us.

What has been arranged?

Your employer has agreed on a pension scheme with the trade unions. We administer the pension scheme.

• You are entitled to a retirement pension.
• Depending on the pension scheme that applies to you, you may be entitled to full or partial continuation of your pension accrual in case of full or partial incapacity for work.
• Your partner may be entitled to partner’s pension after you die.
• Your children are entitled to orphans’ pension.

As a new member, you will automatically receive a brief summary of information regarding your pension.

What do you need to do?

You do not need to do anything in order to accrue pension at Flexsecurity. Your employer registers you with us.

As a member of the Basic Scheme, you do not pay any contributions. Your employer pays the full contribution.

As a member of the Plus Scheme, you will pay pension contributions. Your employer automatically deducts these from your salary every month. The amount is reflected on your payslip.

Check which scheme applies to you.

What can you do?

If you have accrued pension elsewhere through another employer, you can transfer this to us. This is called value transfer.

Two situations may then arise:

1) Your pension may be below the statutory commutation limit of € 592,51 (applicable in 2024).

If your pension is below the statutory commutation limit, your previous pension fund or insurer may automatically transfer this pension to us. Your accrued pension therefore automatically goes with you to your new job. They transfer the money to our fund and we add it to your pension according to the rules of our pension scheme. We will send you a letter stating how much money we have received and how much pension you will receive for this in our pension scheme.

2) Your pension may be above the statutory commutation limit of € 592,51 (applicable in 2024).

If your pension is above the statutory commutation limit, you must decide for yourself whether it would be wise in your situation to take your pension with you.

Consider the following in your decision:

• What type of pension scheme applied at your previous pension fund or employer (final salary or average earnings scheme, defined contribution agreement)?
• How is the pension incremented?
• What is the financial situation of the pension fund (coverage ratio)?
• What choices do you have within your pension scheme?

Pension comparison tool

In a few steps, the pension comparison tool gives you an overview of the points on which another random pension scheme differs from this scheme. Based on the differences, you can determine how important these are for you and, if necessary, take action. This may be useful, for example, if you are changing jobs. You can find the pension comparison tools for both pension schemes here:

• Basic Pension (in Dutch)
• Plus Pension (in Dutch)

Requesting a value transfer

If you are considering transferring your pension, request a value transfer at Flexsecurity. Do this as soon as possible after starting your new job. Your previous pension fund is obliged to cooperate in the value transfer. Go to My Pension Figures and complete the form. You will then receive an offer. Your pension will be transferred only after you have accepted the offer.

If you would like to know precisely how value transfer works, read this summary.

Who?	Does what?
You	Complete this form and send it to Flexsecurity.
Flexsecurity	Requests a statement of your pension money from your previous pension fund or insurer.
Previous pension fund or insurer	Sends the requested statement to Flexsecurity.
Flexsecurity	Converts your old pension money into pension capital in the Basic Scheme and sends a statement to you.
You	Decide on the basis of the statement whether or not to continue with the value transfer and inform Flexsecurity of your decision.
Flexsecurity	Requests your previous pension fund or insurer to transfer the value of your pension money.
Previous pension fund or insurer	Transfers your pension money to Flexsecurity.
Flexsecurity	Ensures that the pension capital is transferred to the Basic Scheme.
You	Receive a new statement showing that the transferred pension money has been converted into pension capital at Flexsecurity.