The pensions of former colleagues
Your pension will also change
The Future Pensions Act (WTP) applies to everyone in the Netherlands. Although pensioners and former colleagues (also known as deferred members) no longer accrue pension with Van Oord, they will be affected by the WTP. What exactly will change for you depends on which pension scheme you have participated in in the past. Staff employees will move to a flexible contribution scheme. Fleet employees will switch to a solidarity-based premium scheme.
The flexible premium scheme (the staff scheme)
The flexible premium scheme is a premium scheme where each member has his/her own pension pot. The pension in the pension pot is invested but you can take more or less risk with your investments. In that case you have to choose a different investment profile (Life-cycle). As a deferred member, you will receive regular information on the development of your pension.
For pensioners: your pension continues to be invested automatically during retirement. You will receive more information from Pension Fund PGB about this.
The solidarity-based premium scheme (the fleet scheme)
In the solidarity premium scheme, risks are shared collectively and the pension is more stable. This is achieved with an additional buffer, the solidarity reserve. Part of the returns achieved are used to protect the accrued pensions and the pensions that are already in payment. The rest of the returns achieved are shared based on the investment risk run. At Van Oord, the solidarity premium scheme will apply to fleet employees.
For pensioners: the pension will continue to be automatically invested after retirement. You will receive more information from Pension Fund PGB about this.