Brochure Partner s- and orphan s pension

Transcription

1 Brochure Partner s- and orphan s pension

2 Partner s and orphan s pension If you should die whilst still working, or when you have already retired, your partner will receive a partner s pension and your child(ren) are entitled to an orphan s pension. If you have worked previously and have not transferred your pension to another pension fund, your partner or child(ren) will also receive a partner s or an orphan s pension. A rough distinction can be made between two situations: passing away before the retirement date and passing away after the retirement date. Passing away before your retirement date If you are still working and you pass away, your partner will be entitled to the partner s pension that you would have built up if you had continued working until your state retirement date. Partner In this brochure, partner means: A person to whom you are married or who is registered as your partner in the civil registers. A partner is also a person with whom you have a notarial cohabitation contract, provided you have registered this partner with PDN. A partner can also be your brother or sister but not your child, one of your parents or grandparents. A man or woman you marry after your retirement (or with whom you enter into a registered partnership or notarial cohabitation contract), is not eligible for a partner s pension from PDN. If you should die whilst you are still employed, your partner will receive, in addition to the partner s pension, until he or she reaches the state pension age, a supplementary partner s pension and a temporary partner s pension. Supplementary partner s pension is a fixed sum, which can change every year, of 15,370 gross a year (as at 2018). The supplementary partner s pension is intended to compensate for the fact that your partner will not receive a general state benefit (AOW). Your partner receives supplementary partner s pension because, until he or she reaches the state pension age, larger amounts of for example tax are withheld. If you no longer work when you should die (before the state pension date), your partner and child(ren) may receive a pension. However, only the pension you accrued whilst working will count towards this. Brochure Partner s and orphan s pension, version

3 The period from the date when you to your retirement date will not count. If your partner is under the state pension age, he or she may be entitled to the aforementioned temporary partner s pension, depending on the pension regulations that apply to you, this maybe 65 years as well. However, an important condition for this is that the PDN pension has not been transferred to another employer s pension provider. Receiving statutory ANW benefit In some cases, your partner and your children may be entitled to a statutory ANW (General Dependents' Act) benefit. The Sociale Verzekeringsbank (SVB) will pay out the ANW benefit. If you need any more information, please visit the following website: Amount of the partner s pension The amount of partner s pension or temporary partner's pension that you have accrued can be found on your most recent Uniform Pension Statement (UPS). Passing away after your retirement date If you pass away after your retirement date, your partner will also be entitled to your partner s pension. If the surviving partner has not yet reached the state pension age at the time of your death, he or she may also be entitled to the aforementioned supplementary partner s pension or temporary partner s pension, depending on the pension regulations that apply to you, this maybe 65 years as well. However, if at the start of your retirement you opted to exchange the partner s pension (partially) for a higher retirement pension, your partner won t (or only partially) receive a partner s pension. A partner who did not become your permanent partner until after your retirement won t receive a partner s pension. That also applies to children you have after your retirement. Passing away and pre-pension capital If you die before taking your pre-pension and you are married, then your pre-pension capital savings are converted in a lifelong partner's pension. The same applies if you and your partner have a notarial co-habitation contract or a registered partnership. This is not the case if you die when your preretirement (pre-pension or early pension) has already begun, or if you are not married. The pre-pension savings balance then passes into general funds, as determined by law. Net Pension Scheme (NPS) and partner s and orphan s pension Under the collective basic pension scheme, pension is accrued up to a maximum salary of 105,075 euro gross per annum. Apart from the collective scheme, there also is a scheme providing pension accrual on the salary exceeding the amount of 105,075 euro the Net Pension Scheme (NPS). Participation in this scheme not only entitles you to a higher pension, but also covers a partner s and orphan s pension based on this salary in the event of death before your retirement. If you choose not to participate in the NPS, then you are only entitled to pension accrual under the collective basic scheme, based on your salary Brochure Partner s and orphan s pension, version

4 up to 105,075 euro. Also, the risk cover for dependants pension will be based on a maximum salary of 105,075 euro. Click on the icon Net pension for more detailed information on the subject. Orphan s pension If you pass away and you have children under the age of 18, they will be entitled to an orphan's pension. In the event that your children are studying they may be entitled to an orphan's pension until they are 27, or for the duration of their studies. Your Uniform Pension Statement (UPS) specifies the amount of the orphan's pension they would receive. If both parents have passed away the orphan s pension will be doubled. Foster children or stepchildren may also be eligible for orphan s pension. The board of the pension fund decides this. The child must always have been part of the member s household up to the time of his or her death and must have been cared for and brought up as his or her own child. Foster children or stepchildren are not eligible for orphan s pension if they did become part of the family after the pension member retired. Partner s pension after divorce If you should die, a former partner from whom you are divorced may be eligible for a partner s pension and a temporary partner s pension. This special partner s pension will be derived from the pension that you have accrued with PDN until the day of the divorce or separation. The situation can be completely different if you and your partner made a different agreement about the partner s pension in a pre-nuptial contract, a divorce agreement or notarial termination of a cohabitation contract. Partner s pension and taxes In exceptional situations (salary over approx.) the temporary partner s pension may be reduced. According to Tax law the net partner s pension before the state pension date cannot exceed the net partner s pension amount paid after the state pension date. PDN calculates this amount based on the partner s pension effective date. Once the partner s pension from the effective date has been assessed, it will not change due to this tax legislation. Your partner will be informed of this before the partner s pension takes effect. What to do upon death? If you were living in the Netherlands when you died, your dependents do not need to report your death to the pension fund. The fund will automatically be notified by the Municipal Personal Records Office (BRP Basis Registratie Personen). However this is not the case if you lived abroad. Your dependents must then notify the fund by sending PDN a copy of the death certificate. If you were cohabiting but were not married and did not have a registered partnership, your partner may also be eligible for a partner s pension provided that he or she has been registered with PDN before your retirement. After your death, your partner must submit proof that he or she was in fact still cohabiting with you. He or she can prove this with an extract from the civil register showing that you were cohabiting before your death. Your partner or children will receive partner s pension or orphan s pension from the first day of the month following your death. Brochure Partner s and orphan s pension, version

5 Re-marrying / renewed partnership If you should die after your retirement date and your partner remarries or enters into a renewed partnership, your partner retains his or her partner s pension. If you should die before you retire and your partner is younger than the state pension age and remarries or enters into a renewed partnership, he or she loses part of the partner s pension. Part of the temporary partner s pension and the whole of the supplementary partner s pension is also cancelled. Brochure Partner s and orphan s pension, version

6 Passing away whilst employed Partner younger than the state pension age receives until the state pension age: - Supplementary partner s pension - Temporary partner s pension - (Sometimes) ANW from the government Partner older than the state pension age receives: Passing away after end of employment (deferred pensioner) + pension entitlements not transferred to other pension fund Partner younger than the state pension age/age 65* receives until the state pension age/age 65*: on the basis of pension entitlements accrued at PDN - Temporary partner s pension (possibly) - (Sometimes) ANW from the government Partner older than the state pension age/age 65* receives: on the basis of pension entitlements accrued at PDN Passing away after retirement, following employment Partner younger than the state pension age/age 65* receives until the state pension age/age 65*: - Supplementary partner s pension - Temporary partner s pension - (Sometimes) ANW from the government Partner older than the state pension age/age 65* receives: * Depending on the pension regulations that apply to you. Brochure Partner s and orphan s pension, version

7 Contact If you have any questions about your pension visit the website: or contact our Pension Desk: tel or Pension regulations Read more about partner s and orphan s pension in the pension regulations by clicking on the icon. Disclaimer The information provided in this brochure by Stichting Pensioenfonds DSM Nederland, based in Heerlen (the pension fund) is general, purely indicative and subject to change. It is intended only to provide members with a general view. The information provided is assumed to be reliable, but is used entirely at the user s risk. Neither the administrator (DSM Pension Services B.V.), nor the pension fund accepts any liability for damage arising from errors or omissions in the information, or for damage arising in connection with the use of, reliance on, or distribution of the information. Rights can be derived only from the pension regulations applying to the member. Brochure Partner s and orphan s pension, version