Pensioen 123 laag 1 Engels

Welcome to the APF Pension Fund

In this Pensioen 1-2-3 you will read what is, and what is not, covered by our pension plan.

This is important to know, for example, if you start a new job. After all, each pension fund has its own plan. Pension 1-2-3 does not disclose any amounts or personal information. You will find those on your annual Uniform Pension Overview (UPO) and on, but also under My pension.

My pension

Pension 1-2-3 consists of 3 layers
Layer 1: a brief introduction to your pension plan.
Layer 2: more information about all topics.
Layer 3: all the rules and policies of our pension fund.

You are now reading layer 1. Click on a symbol to go to layer 2 and layer 3. Do you prefer to read it on paper? Please contact us.

What is covered by our pension plan?

If you are going to retire, you will receive retirement pension.

If you die, your partner and any children will receive a benefit. We call this partner’s pension and orphans’ pension.

If you are more than 35% incapacitated for work, you will continue to accrue pension. The pension fund then pays the contribution. If you are fully incapacitated for work, you will also receive a disability pension from the fund in some cases.

If you wish to more about the pension plan of APF Pension Fund, look in the regulations in layer 3 or on this website.

What is not covered by our pension plan?

You do not accrue any pension above your salary of € 110,111.- (in 2020).

If you are partially incapacitated for work, or if your income is below € 57,232.- (in 2020), no disability pension has been arranged for you at APF Pension Fund.

How do you accrue pension?

There are 3 ways in which you accrue pension:

A. State old age pension (AOW): you will receive this pension from the government if you live or work in The Netherlands. You can read more about AOW at
B. Pension at APF Pension Fund: You accrue this pension through your employer. This Pension 1-2-3 is also about this pension.
C. Pension that you arrange yourself. Examples: an annuity or savings in a blocked account with your bank (‘banksparen’).

In the basic scheme up to a salary of € 71,716.- (AkzoNobel) or € 72,241.- (Nouryon) in 2020, you accrue your pension through a career average scheme. Every year, you accrue a portion of your final pension. When you retire, we add up all the pension portions. The amount of your final pension is based on your average salary during your career at your employer.

You accrue pension on your pension basis, which is your pensionable salary minus the deductible.

You and your employer jointly pay the costs of your pension. Your employer withholds your contribution from your gross salary. Your exact contribution is specified on your salary slip.

What are your options?

If you change jobs, you often change your pension plan as well. You can opt to transfer the pension you have already accrued to your new pension fund.

If you want to compare your pension plan with another pension plan, view the pension comparison calculators for a comparison with the basic pension plan and the top-up pension plan.

Would you like to see all your options? I.e. early retirement? Or a variable pension? Go to layer 2 via the icon, to read about all your options.

How secure is your pension?

The amount of your pension is not fixed. A pension fund has to deal with risks that can affect the amount of your pension.

Inflation reduces the value of money due to price increases. APF Pension Fund therefore tries to increase the pension each year so it grows in line with the increase in wages and/or prices. We call this indexation or granting supplements. This is possible only if the financial situation of the pension fund allows for it.

Over the past 5 years, we have made these changes to the pensions
There was no increase in value with effect from 1 January 2020 (over 2019). You will also see whether the increase in prices has been compensated by an increase in your pension.

Date of change Value of your pension increase Price increase*
1 January 2019 0.55% 1.71%
1 January 2018 0.00% 1.38%
1 January 2017 0.00% 0.32%
1 January 2016 0.00% 0.65%
1 January 2015 1.59% 0.98%

*The price increased from 1 January up to and including 31 December of the year in question.

The pension fund has agreed a fixed contribution with your employer. If the pension fund does not have enough money to pay all pensions, the employer does not pay any extra money. We therefore need to make up deficits ourselves, for example by not indexing or, in the most extreme cases, by reducing pensions. Obviously we try to prevent that!

What costs do we incur?

APF Pension Fund incurs costs to administer the pension plan. We are transparent about these costs and look critically at the money we spend.

When do you need to take action?

If you change jobs, you can opt to transfer the pension you have accrued through your previous job to your new pension fund. This is known as value transfer.

If you become incapacitated for work, you can receive a disability pension. You keep accruing your pension, but no longer pay contributions for this.

If you get married, enter into a registered partnership, or start cohabiting.

If you separate, this also affects your pension. If you want the pension fund to arrange the payment to your ex-partner, report your divorce or separation to us within 2 years.

If you move abroad, you must inform APF Pension Fund of your new address.

If you become unemployed, your pension accrual will also end. The pension that you have accrued remains yours.

If you work more or fewer hours, this also affects your pension.

If you go on unpaid leave, you do not accrue a pension. However, you will remain insured for a period for your surviving dependants’ pension.

Keep an eye on your pension. Check every year at whether you are on track with your pension!

You have various options for your pension. Read more at What are your options?

If you have any questions about the pension plan, please contact us.

Want to know more about….

... your pension with us? Go to layer 3. You will find a lot of information and many answers on the website. .
...your own pension amounts? Look under My pension
... your total pension? Go to