Value transfer

If you change employer, you may find that you fall under a different pension fund. In this situation, you could decide to transfer your ‘old’ pension to your new pension fund or insurer (pension administrator). This is known as a value transfer.

A value transfer may be arranged automatically if you have a small pension
If your pension is between € 2.- and € 592,51 a year in 2024, your former pension administrator may also decide to transfer this small pension automatically. Check the latest pension statement to see whether you need to do anything to arrange your value transfer.

What you need to do

  • You are new to APF Pension Fund
    Ask us to arrange a value transfer for you. If your pension was small, your former pension administrator may also decide to transfer your pension to us automatically. For more information about the above, see Pensioen 1-2-3 of your former pension administrator;
  • You are leaving APF Pension Fund
    You will no longer accrue a pension with us. Ask your new pension administrator to arrange a value transfer. If your pension is small, we will arrange the value transfer for you automatically. You will not need to do anything yourself in this situation.

How to arrange your value transfer to APF Pension Fund

  1. Request a value transfer in My pension.
  2. We will contact your former pension administrator to establish the value of your pension.
  3. You will receive an offer from us, showing how much your ‘old’ pension is worth in our pension scheme.
  4. If you are happy with our offer, we will make all of the arrangement necessary for your value transfer.

My pension

What else do you need to know?

  • A value transfer is not mandatory
    You could also choose to leave your pension with your former pension administrator. However, if you have just a small pension, your pension administrator could decide to transfer your pension to us automatically, even if the fund’s financial situation is not ideal at that time.
  • A value transfer may be worthwhile financially
    This depends on both of the pension schemes concerned. Take a good look at the terms and conditions via the pension comparison tool.
  • A value transfer will only be carried out if both pension administrators are financially sound
    Their policy funding ratio must be 100% or higher. View ‘Financial situation’ for more information. If this is not currently the case, you can go ahead and apply for a value transfer now, but we will only process your request when the financial situation permits us to do so. You will automatically receive a letter from us when a value transfer becomes possible. However, small pensions will be transferred, as this is done automatically.
  • If you only have a small pension with us, APF Pension Fund may decide to commute it. Are you about to retire? Or is the partner's or orphan's pension due to start? You will automatically receive a letter if we decide to commute your pension when you apply for the pension. You don't have to do anything yourself.