If your situation changes?

If you start working for yourself or somewhere else, you stop accruing pension at Flexsecurity.

What happens to your pension after that depends on the amount of the accrued pension when you leave the company. This amount is shown on the pension overview that you receive when you leave the company. You can also log in to the secure environment Mijn Pensioencijfers (‘My pension figures') or the national pension website www.mijnpensioenoverzicht.nl for an up-to-date overview of your pension.

1) Your pension is below the commutation limit  

We automatically transfer the retirement pension you have accrued with our pension fund until the date of leaving your job to your new pension fund or insurer. Your accrued pension therefore automatically goes with you to your new job. We check whether you are accruing pension elsewhere each year after you leave the company:

• If that is the case, we will transfer your pension. No action is required on your part. You will receive a letter from our fund as soon as we have transferred your pension. Your new pension fund or insurer will inform you of how much pension you have gained under the pension scheme of that fund or insurer.
• If you are not accruing pension through a new job, your pension will remain with us and a year later we will check again whether your situation has changed.
• We will do this for five years. After this period, our fund will send you a letter to make arrangements to pay out the pension to you in one go.

2) Your pension is above the commutation limit  

What has been arranged?

You continue to be entitled to the pension capital that you have accrued with us. Every five years, you will receive a Uniform Pension Overview (UPO) from us. This personal pension overview shows how much pension capital you have at Flexsecurity. A new pension overview is available for you online each year. You can download this through the secure environment of this website: Mijn pensioencijfers (‘My pension figures'). You can also log in on www.mijnpensioenoverzicht.nl for an up-to-date overview of your total pension and state pension (AOW).

What can you do?

If you are in paid employment, you can transfer your pension to your new pension fund or insurer. This is called value transfer.

We cannot determine whether or not it is advisable for you to transfer your pension capital. Consider the following in your decision:

• What type of pension scheme applies at your new pension fund or employer (final salary or average earnings scheme, defined contribution agreement)?
• Is the pension incremented? If so, how?
• What is the financial situation of the pension fund (coverage ratio)?
• What choices do you have within your new 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)
• Payroll Pension (in Dutch)

Requesting a value transfer

If you are considering transferring your pension capital, request a value transfer offer from your new pension fund or insurer. Your pension capital will be transferred only after you have accepted the offer.

The financial position of your new pension fund must be good; otherwise value transfer is not possible.

What else can you do?

If you start your own business, you must organise your own pension. You cannot transfer the pension that you have accrued with us.