Your Guaranteed Pension Plan
Your employer has chosen Delta Lloyd’s Guaranteed Pension Plan as your pension scheme. What is the Guaranteed Pension Plan? What choices and options do you have? And what has been arranged for you?
What is the Guaranteed Pension Plan?
The Guaranteed Pension Plan is a pension scheme in which you build up part of your retirement pension each year. The Guaranteed Pension Plan is a defined benefit scheme. This means that how much pension you will receive is fixed in advance.More about your Guaranteed Pension Plan
What has been arranged for you?
The following arrangements are always part of your Guaranteed Pension Plan:
1. old-age pension for yourself;
2. partner’s pension, if applicable;
3. orphan’s pension;
4. waiver of contribution in the event of occupational disability.
Depending on the choices made by your employer, the following have also been arranged for you in your Guaranteed Pension Plan:
5. disability pension;
6. Surviving Dependants Act shortfall pension.
Risks and your pension
Many factors affect how much pension you will receive when you retire. The amount could be affected by changes in your personal life or at work. There are also circumstances that are outside your control.What risks affect your pension?
When should you take action?
Changes in your situation may affect the amount of your pension. Therefore it is wise to review your pension from time to time. Your employer will inform Delta Lloyd of any changes in your work situation. In some cases you should inform your employer of changes in your personal life yourself. Your employer will then pass on this information to Delta Lloyd.Situations in which you have to take action