If you change your employer and move to a different pension scheme, you can choose to take your accrued pension with you. This is known as a value transfer. You apply for this to your new pension administrator. Make sure you are properly informed in advance. Whether value transfer is a good decision or not depends on factors including the financial situation of your current pension administrator and your new pension administrator.

If you decide not to apply for a value transfer, your pension will remain with the Staples Pension Fund and will be paid to you with effect from your 67th birthday. You will no longer pay a contribution to the Staples Pension Fund and from then on you will accrue pension in your new employer’s pension scheme.

Is your accrued pension higher than € 484.09 per year

Then you decide whether you take your pension with you. This can be beneficial, for example, if your new employer has a better pension scheme. Or maybe you want all pensions with one executor. Let your new pension fund know that you want to take your pension with you. You can take out your pension with your new pension fund. Do you not want to take your pension with you? Then your pension will remain with Staples Pension Fund. Would you like help with making your choice? We like to help you.

Is your accrued pension less than € 484.09, - per year and higher than € 2, - per year

Then Staples Pension Fund will automatically ensure that your pension will go to your new pension fund if you left service after 1 January 2018. Staples Pension Fund therefore checks annually at www.mijnpensioenoverzicht.nl whether you are accruing pension with a new pension fund. If you do not have a new pension fund, your pension will remain with Staples Pension Fund.

Stopped your pension accrual after 1 January 2019 and your accrued pension is lower than € 2 per year

Then you will not receive that pension. That is legally determined.

If you decide not to apply for a value transfer, your pension will remain with Staples Pension Fund and will be paid to you from your 67th (or the earlier AOW age). You no longer pay premiums to Staples Pension Fund and continue to build up pension in the scheme of your new employer.