Check your pension
The pension planner has been updated with the new 2021 figures.
This means you don’t need to wait for your annual statement (UPS) to give your pension an MOT.
Check your pension:
1. Go to the pension planner in 'My SPF Pension'.
2. Work out your income.
3. Go to the Nibud 'Pensioenschijf-van-vijf calculation tool' and work out your outgoings.
4. You’ll now know whether your pension is healthy enough for you to do what you want.
Click here to go straight to your own 'My SPF Pension'.
Click here to go straight to the 'Pensioenschijf-van-vijf calculation tool'.
If you would like more detailed instructions, then please start your Pension journey.
What if the economic situation is positive or negative?
When you’ve completed the MOT you can take further steps if you want. You can receive an estimate of how much purchasing power your pension will provide in the future. From 2020 you can see that on your UPS as well as on Mijnpensioenoverzicht.nl. When making this estimate we also take into account possible increases and reductions in your pension as well as price increases.
Your 2020 UPS and the 2021 UPS that you’ll receive soon will provide an estimate of the effects of any future economic growth or downturns on your pension with SPF. This is presented in an image with three arrows. You’ll see this image on your UPS. The bottommost amount is not an estimate. This is the pension you have accrued so far at SPF. The top three amounts are an estimate of the pension you are likely to receive depending various situations.
Why is this estimate in 2021 lower than the one for 2020?
We need to adapt the rules we use to make estimates each year. We then take into account the financial situation at SPF at that time and the economic expectations in the future. That’s why the estimates change annually. If you compare the 2021 estimate with that of 2020, you can see that this is lower. That’s mainly because the likelihood of future pension increases has reduced as a consequence of falling interest rates (expectations). To make a comparison, you don’t need to wait for this year’s UPS because the 2021 expectations are already on Mijnpensioenoverzicht.nl.