If you stop working before 1 January 2027, you will not receive any contribution compensation. You are only eligibe for contribution compensation if you are still in service on 1 January 2027.

Under the new pension scheme, the capital in your own pension account shares in the investment returns. SPF structures its investment policy in such a way that the long-term return is sufficient to maintain the purchasing power of pensions as much as possible, while minimizing the risk that your pension will decrease.

Click here to find out more about the measures SPF is taking to minimise risks.

Pension contribution compensation is an additional amount that SPF will add to your pension account on 1 January 2027. This is intended for employees who are disadvantaged under the new pension scheme because they accrue a smaller pension for the same contribution amount. At SPF, these are employees between 35 and 66 years of age.
These employees will only receive contribution compensation if they are employed by one of the companies affiliated with SPF on 1 January 2027.

The transition bonus is an additional sum that will be paid into the pension account of everyone who has a pension with SPF on 1 January 2027, provided SPF’s financial position is strong enough.

No. SPF awards the transition bonus to pensions that are not yet in payment, as well as to pensions that are already in payment, provided that SPF’s financial position is strong enough.

•  You will not receive any contribution compensation.

You will only receive a premium compensation if, on 1 January 2027, you are still employed by an employer affiliated with SPF.

• You are entitled to the transition bonus, however.

On 1 January 2027, the transition bonus will be added to the pension account of everyone who has a pension with SPF, regardless of whether you have already started drawing your pension or are still working.

Do you still have a PPS balance?

In 2026, you will still have the opportunity to make decisions regarding your PPS balance.

The options are:

✔ Have the PPS paid as a benefit on top of your salary;
✔ Use the PPS scheme to retire early and then start drawing your old-age pension; and
✔ Exchange your PPS for a lifetime old-age pension (if you are older than 64 years and 3 months).

If you would you like your PPS to go into effect in 2026, you must submit your application to SPF before 1 October 2026 at the latest, using the PPS Benefit Application Form.

If you stop working after 1 January 2027, your pension application will be processed in accordance with the new pension rules.

On 1 January 2027, you will receive:

• Premium compensation if you are less than 67 years of age.

• A transition bonus, provided SPF’s financial situation is strong enough.

SPF will add the premium compensation and the transition bonus to everyone’s pension account on 1 January 2027.

No. If you are no longer employed by one of the employers affiliated with SPF, you will not receive any premium compensation from SPF.

If you work for another employer, that employer may well offer premium compensation – you should ask your current employer’s pension provider about this.

A few months before you reach this age, we will send you a letter containing an option selection form.

You can use this form to make your choice. If you do not return the form, your PPS will go into effect automatically.

By submitting your request to SPF using the PPS Benefit Application Form before 1 October 2026 at the latest.

Under the relevant laws and regulations, you are no longer permitted to defer the conversion of your PPS balance once you reach the age of 65. You must then use your balance to fund benefits that take effect immediately, or you must convert your PPS balance into an old-age pension. You are still allowed to leave your PPS balance as it is at the age of 64 years and 3 months.

Not quite. The benefit period is at least three months, and payments must stop when you reach the state retirement age (AOW). 

You can see that in the pension planner. Log in to My SPF Pension and make your choices under PPS. 

Note: 

If you set your PPS to start in 2026 and stop working, both the gross and net amounts will be calculated correctly for 2026. 

If you set the PPS to start on top of your salary, the net calculation in the planner will be incorrect. 

The reason you only still have a PPS balance with us is because you transferred your standard pension to another pension fund or insurer. Depending on your age, you then have the following options:

• If you turn 65 in 2026, you must start receiving your PPS, regardless of whether you are still working or not.
• If you turn 64 years and 3 months in 2026, your PPS must only go into effect once you are no longer working.
• If you are younger than 64 years and 3 months, you can choose to start receiving your PPS in 2026. You can do this either while you are still earning a salary or after you stop working.