How is your pension arranged?

How do you accrue pension?

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You accrue pension in three ways:

  • A. AOW: this is state old-age pension that you receive from the government if you have resided or worked in the Netherlands. You can read more about AOW at www.svb.nl.
  • B. Pension at Stichting Bedrijfspensioenfonds voor de Rijn- en Binnenvaart. You accrue this pension via your employer. This is what this Pension 1-2-3 is about.
  • C. Pension that you arrange yourself. Examples include an annuity or a tax-efficient blocked bank savings account.

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You accrue a part of your pension every year. The pension that you accrue this way is the sum of all those parts. 

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You accrue a portion of your final pension every year. This is not calculated on your full gross salary. In 2024, you will not accrue any pension over € 20.935,00. This 'threshold amount', known as the deductible, is roughly equal to the state old-age pension payment (AOW) that you will receive from the government once you reach AOW retirement age. In 2024, you will accrue 1.65% pension on your gross salary minus the deductible.
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You pay a contribution towards your pension every month. Your employer does the same. At Stichting Bedrijfspensioen ­ fonds voor de Rijn- en Binnenvaart you pay one third of the pension base and your employer pays two thirds. Check with your employer whether and/or how much they pay. Your contribution is shown in your payslip.