Transfer of assets

Do you change employer and move to another pension fund or pension insurer? You can move your ‘old’ pension to your new pension plan. This is known as 'transfer of assets’. Have you changed jobs since January 1, 2015? If so, you can often still transfer your old pension. This remains possible, even after some time has passed, provided you meet the conditions. There are 2 possible situations:

  1. You are employed by Johnson & Johnson or one of its affiliated employers.
  2. If you leave Johnson & Johnson or one of its affiliated employers or do you have any pension previously accrued at them?

1. Joining the company

Do you have any pension previously accrued at your current or former employer(s)? In that case, if it is allowed, you can ‘take’ this/these pension(s) to the J&J pension scheme. This is known as transfer of assets. Condition is that the pension is above the commutation limit and that the other pension fund and J&J Pension Fund OFP are not underfunded.

Go to mijnpensioenoverzicht.nl (mpo.nl) for a full overview of all your accrued pensions, from J&J Pension Fund OFP and from any other employers. Please note: the date you see on the mpo.nl login screen is the date on which the most recent change was implemented in our records. Your entitlements are updated quarterly.

First assess whether you can transfer your accrued pension
Transfer of assets is not possible in all situations. By following the steps in the diagram below, you can see whether transfer of assets is possible in your situation. If the pension is lower than its commutation value, your transfer of assets is automatically included. You can therefore only apply for a transfer of assets if your pension is higher than its commutation value (€613.52 in 2025).

Do you meet the conditions? If so, a transfer of assets will still be possible even after some time has passed. Please note that there are exceptions where a transfer of assets is still not possible. We will always perform a final check.

Diagram of transfer of assets to J&J OFP Pension Fund

How do you transfer your accrued pension?
You can read about this in the 'Transfer of assets step-by-step plan' (pdf). Here you will find a clear overview of all the steps involved.

Request transfer of assets
Or request the transfer of assets directly from us using the form on My pension (under Report changes).

 

2. You leave Johnson & Johnson or one of its affiliated employers

In that case, you do not accrue pension at J&J Pension Fund OFP any longer. You possibly move to another pension fund. You may take your ‘old’ pension with you to your new pension fund or insurer. This is known as 'transfer of assets'.

The diagram below shows which situation applies to you

Diagram of transfer of assets to another pension administrator

Do you have a small pension?
You have a small pension when your pension is less than the legal commutation limit of € 613,52 per year 2025. In that case, it is possible that your former pension administrator will automatically transfer the pension value of this small pension to J&J Pension Fund OFP. You can read more about this in layer 2 of Pension 1-2-3 of your previous pension administrator. Look in 'What pension choices do you have' under the heading 'Taking your pension with you’.

How to decide if transfer of assets is sensible for you
When considering whether or not it is sensible to transfer your pension, it is wise to compare your current and your new pension schemes. Therefore, always ask for a quote first.

  • Will your pension be increased every year?
  • Has your pension been increased over the past few years?
  • Can you make individual pension choices?
  • What is the earliest possible retirement age?
  • What arrangements have been made for your partner and children if you decease? What will their income be?
  • Do you accrue pension in a defined contribution scheme, a career average plan or a final pay plan?
  • Are you running any risks, for example if we invest for you? In a defined contribution scheme, the investment risk may lie with you.
  • What are the coverage ratios of your old and new pension funds? It gives you an idea of their financial situation. Also check if the pension fund has a recovery plan.
  • Are the financial situations of your current and new pension fund good enough for making a transfer?
  • In the pension comparer ('Pensioenvergelijker' in 'Pensioen 1-2-3, laag 3', My pension, only available in Dutch) you can see the rules for J&J Pension Fund OFP.

What else do you need to know?

  • It is not mandatory to transfer your accrued pension benefits
    You may also leave your pension with your former pension fund. (but only if the pension is more than € 613,52 per year (2025), if it is lower, it is automatically transferred).
  • Transferring your accrued pension benefits can be worthwhile financially
    Whether this applies to you depends on both pension plans. Therefore, always ask for a quote first. Take a good look at the terms and conditions: you do not need to decide immediately.
  • Transferral of accrued pension benefits is not always immediately possible
    Transferring accrued pension benefits in a pension fund can only happen if both pension funds are in good financial shape. If that is not the case, apply to have your accrued pension benefits transferred immediately anyway. When transferral is possible again, you will receive a letter.