The Board of the J&J Pension Fund OFP has made some amendments to the pension scheme rules. These changes will apply from 1 January 2024. The main changes are described below.

Updating new figures
Figures change every year, such as the maximum salary upon which you can accrue a pension, and the part of your salary upon which you do not accrue a pension due to the state retirement pension (AOW), also known as the deductible. These figures are determined annually by the government, and we have amended them accordingly.

You can start receiving your pension from an earlier date
The standard arrangement is for you to start receiving your retirement pension payments on the first day of the moth after you reach the age of 68. However, you can also bring your retirement date forward or postpone it. You can retire from 10 years before you reach state retirement age.

Please note: if you retire earlier, your monthly pension payment will be lower than if you had retired at the age of 68 years. This is because you stop accruing your pension earlier, and your pension has to be paid out for a greater number of years. If you retire before you reach the state retirement age, you will not yet receive a state retirement pension (AOW) from the government.

Lump sum option postponed again
The lump sum option refers to the ability to receive 10% of your pension as a lump sum immediately on commencing retirement. This amendment has been temporarily postponed until 1 January 2025. For all terms and conditions, please visit What will change?

The age from which you can start to accrue pension has been lowered from 21 to 18 years
This means that an employee will start accruing a retirement pension from the first day of the month in which they reach the age of 18, in accordance with the J&J Pension Fund OFP pension scheme. If you have just started working, you can find more information by visiting Welcome to J&J Pension Fund OFP.

Consult Pensioen 1-2-3 to find out about everything to which you are and aren’t entitled under this pension scheme
Every pension administrator actually has its own scheme. No amounts or personal information are stated in Pension 1-2-3. You can find this information:

• in your annual Uniform Pension Overview (UPO).
• under My Pension on the website. 
• on Mijnpensioenoverzicht.nl. This will tell you your total state retirement benefit and pension.

PENSIOEN 1-2-3

Do you have any other questions?
Please do not hesitate to Contact us with your question. You can call us or send us an e-mail. We will be happy to assist you.