You are a member of the pension scheme of Stichting Bedrijfspensioenfonds voor de Rijn- en Binnenvaart and accrue your retirement pension under this scheme. You will receive retirement pension once you turn 67. Your retirement pension is supplementary to the AOW (General Old-Age Pension). The AOW is the state pension you receive when you reach the statutory age of retirement. You receive this pension from the government if you have resided or worked in the Netherlands. More information is given at the website of the Sociale Verzekeringsbank (Social Insurance Bank), www.svb.nl.
The amount of pension that you will receive from Stichting Bedrijfspensioenfonds voor de Rijn- en Binnenvaart depends mainly on the salary you have earned, the content of your pension scheme and how many years you have been a member of it. The retirement pension is paid out monthly from when you reach the age of 67, for as long as you live. The amount of your retirement pension is shown in your Uniform Pension Overview (UPO) and at www.mijnpensioenoverzicht.nl .
Your pension scheme is a defined benefit agreement. Each year, you accrue pension rights over part of the gross salary that you earn in that year. You do not accrue pension rights over your whole gross salary. Your pension administrator has already taken account of the AOW pension that you receive from the government when you reach the AOW retirement age. The portion of your salary on which you do not accrue any pension is called the deductible. You accrue 0.96% retirement pension on your gross salary minus the deductible. This accrual percentage is recalculated each year.
Example: you earn € 25,000 a year. The deductible is € 15,000. In that year you accrue 2% retirement pension on the pension base of € 10,000. That is € 200 in that year. The retirement pension you receive when you retire is the sum of all the years plus any annual indexation of your pension.
The regulations set out precisely what you will receive in our pension scheme. The regulations can be downloaded here (in Dutch).