• Your pension will soon be invested
  You will soon build up a pension capital in your own pension pot. In the new scheme only a premium is promised. This premium will be invested. The outcome of these investments is therefore uncertain in advance. Every employee receives the same premium percentage and will have their own pension pot. This will make it more transparent. No more promises about a benefit, but everyone will soon have their own pension pot and an indication of the pension that you can purchase with it later.
  
  As long as you work, a premium is paid into your personal pension pot every month. The longer you work, the more premium you and Van Oord will pay. These premiums are then invested by the pension fund, with returns being directly credited to your pension pot. The total of all premiums paid and the returns made on them form the pension capital. The pension capital on the retirement date then determines the amount of your pension benefit. The higher your capital, the higher your monthly pension benefit will be.
   

• The partner pension
  In the new scheme, there is not only a pension for you, but also a benefit for your partner if you pass away: the partner pension. This is already the case now, but the rules are going to change. If you pass away while you are still working (i.e. before you retire), your partner will receive a benefit for life. This benefit amounts to 35% of the pensionable income in the staf-scheme and 50% in the fleet-scheme. The orphan's pension is 15% of the pensionable income (in the staff-scheme) or 10% in the fleet-scheme. It is paid until your children reach the age of 25.
  
  Once you retire, you can exchange part of your own pension for a partner's pension. In this way, you ensure that your partner receives a pension after your death.
   

• The accrued pension
  The new law applies to everyone, including pensioners and former employees (deferred members). The law states that in principle both accrued pensions and pensions that have already started must be converted into the new system. This is also called 'invaren'. All accrued pensions in the current pension scheme at Pensioenfonds PGB will be converted into the new pension scheme. During the transition, the assets of Pensioenfonds PGB will be shared with all participants of Pensioenfonds PGB. Your pension will probably increase as a result of this.
   

• Additional choice upon retirement
  When you retire, you will receive an AOW benefit from the government and a supplementary pension from the pension fund. Your pension will continue to be invested. In the flexible premium scheme there is an additional choice. You will have the choice to continue investing after your retirement (a variable pension) or to purchase a guaranteed pension (a fixed pension).
  
  This is how you retire under the new scheme:
  • You determine your retirement date and whether you want to receive a variable or
    fixed pension. If you don't choose, the pension will continue tp be invested (a variable
    pension).
  • You will receive a monthly pension payment from your accrued pension pot.
  
  If you choose a variable pension, your pension will continue to move in line with the economy. We expect that a variable pension will lead to a higher pension compared to a fixed pension. If you choose a fixed pension, you will purchase a fixed pension payment. That pension will then no longer increase or decrease. It gives you security, but the downside is that the pension will no longer increase to compensate for price increases. Your pension will then lose value.

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