Below you find a list of changes in your work that may influence your pension:

• Part-time work
• Change of employer
• Unemployment
• Occupational disability

Part-time work

If you are going to work more or less hours, it has consequences for your pension. The amounts that the pension fund reserves for your pension are based on your salary. If you are going to work less hours, your salary will change and so will your pension. If you are going to work more hours, you will accrue more pension. If you are going to work less hours, you will also accrue less pension. Your employer informs us of this change. The level of your pension contribution is automatically adjusted. No action is required from you. 

Change of employer

if you change employers, note the following issues.

Paid-up entitlements

Have you participated in the PCN pension plan and are you leaving the service? Then you maintain an entitlement to your old age pension. This is equal to the old age pension that you have accrued up to then. This entitlement remains at PCN until you retire.If you pass away before you retire, your surviving relatives will receive a dependant’s pension and/or orphan’s pension.

Another employer

If you enter the service of an employer that is affiliated to PCN, you continue to accrue at PCN. If you go to another employer, you will probably accrue pension there. The pension that you have accrued at PCN remains yours. You can leave it at PCN. Or you can take it to your new pension fund or life (see value transfer).

Value transfer

If you take your accrued pension to your new pension administrator, it is called value transfer. Your new pension administrator must be prepared to cooperate in the value transfer. You submit a request for a value transfer to your old pension administrator in writing. You receive an offer to which you must give your consent. In doing so you state that you want to transfer your pension to the new pension administrator.
You provide this statement to the new pension administrator. You receive a non-binding offer. It states how much pension you will receive from the new pension administrator if you opt for value transfer. The pension that you have accrued elsewhere will only be transferred if you approve this statement.
Value transfer can take a couple of months. Value transfers from abroad often take even longer. If the value transfer has been processed, you receive a confirmation from us.
Do you need help in submitting a request for value transfer? Please contact one of our offices. We will be glad to help you. 

Unemployment

If you become unemployed, your employment with your employer will be terminated. If you do not work anymore, you no longer pay pension premium and do not accrue pension. The pension that you have accrued remains yours and stays with the pension fund, unless you have it transferred.

Occupational disability

Are you no longer able to work and permanently disabled? Then you may be entitled to a disability pension. You submit a request for a disability pension with the pension fund. A condition is that you have not passed the medical examination by your employer’s company doctor. The pension fund decides about your request after your medical examination.

The disability pension is equal to the old age pension that you could have reached at the AOV entitled age, including an allowance until the AOV entitled age. The latter is the temporary old age pension and stops as soon as you have reached the AOV entitled age.
More information about the disability pension can be obtained at one of our offices.