Pension 1-2-3 level 1
Pension 1-2-3 consists of three layers.
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Briefly summarized the most important information about your pension scheme.
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Layer 2 goes deeper into the information from layer 1.
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Detailed information. Here you will find legal and policy information from Pensioenfondseuroclearnederland.
What do you get in our pension plan?
Old-age pension
When you retire, you will receive an old-age pension. By default, the old-age pension starts at age 68.
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Partner's pension and orphan's pension
If you die, your partner will receive a partner's pension. Your children under the age of 18 will receive an orphan's pension.
Non-contributory continuation of your pension accrual in case of occupational disability
If you have been ill for more than two years and are subsequently declared (partially) unfit for work by the UWV, you will continue to accrue pension (partially) without paying any more premium.
Pension scheme
You can read more about your pension plan in the pension scheme.
What do you not get in our pension plan?
Are you disabled and no longer employed at all? Then you will not receive any additional disability pension from us. Your pension accrual will continue (in part), depending on your disability percentage​​
How do you build up a pension?
Three types of pension
You can build up a pension in three ways:
A. AOW: You get this income from the government. You can read more about the AOW at www.svb.nl.
B. Pension through your employer(s), including Euroclear.This Pension 1-2-3 is about the pension you
accrued with Euroclear Pension Fund OFP.
C. Pension income that you arrange yourself. For example, through an annuity or bank savings.
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You accrue pension in an average pay scheme
Each year, you accrue part of your pension. The pension you accrue is the sum of all those parts. This is called an average pay scheme. From the moment you retire, you will receive your retirement pension for as long as you live.
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Accrual rate
Each year you accrue part of your final pension. You do not do so over your entire gross salary, because we take into account the AOW you will receive later. The part of your salary on which you do not accrue pension is called the 'franchise'. The franchise is € 18,475 in 2025. On the gross salary (up to a maximum of € 137,800 in 2025) minus the deductible, you build up a maximum annual pension of 1.875%.
The premium
You don't pay any premium for your pension yourself. Euroclear pays the full premium.
What choices do you have?
Value Transfer
Are you newly employed by Euroclear? You can transfer the pension you have accrued through previous employers to the pension fund.
Want to compare your pension plan? Click through to the pension comparator.
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Pension accrual during leave
If you take unpaid leave, the accrual of the old-age pension and the partner's pension continues if you have agreed on this with your employer. In the case of parental leave, accrual continues as normal.
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Exchanging an old-age pension for a partner's pension
Would you like to exchange part of your old-age pension for a partner's pension for your partner? You can do so when you leave employment or retire.
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Exchanging a partner's pension for a retirement pension
Would you like to exchange the partner's pension for your partner, or part of it, for a higher old-age pension for yourself? You can do so upon retirement.
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Retire earlier or work longer
The standard retirement age is 68. But you can also retire earlier. If you want to retire earlier you should discuss this with your employer.
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Starting with a higher pension
Do you want to start with a higher pension? You make this choice at the time you retire.
How secure is your pension?
The amount of your pension is not fixed
We are dealing with the following things, among others:
- People are getting older on average. We have to pay out pensions for longer as a result.
- Low interest rates make pensions more expensive.
- Investment results can be disappointing.
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Value-based pension
Every year we try to increase your accrued pension in line with inflation. This is called 'indexation'.
This is currently based on the consumer price index, CPI, applicable to the Netherlands, with a maximum of 6%.
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Year. Indexation Price
actives. increase
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2024 6,00% 3,80%
2023​ 2,70% 9,98%
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If there is a shortfall
Your pension may be reduced in certain situations. In recent years, your pension has not been reduced. In principle, if we have a deficit, Euroclear will top it up. We can only reduce your pension if Euroclear is financially unable to meet the top-up or if Euroclear no longer exists.
What costs do we incur?
Euroclear Pension Fund OFP incurs the following costs to implement the pension scheme:
• Costs for implementation, including administration, communication, management and external advice.
• Costs of managing the assets.
When should you take action?
If you change pension providers
If you change jobs.
You can take your previously accrued pension with you to your new pension provider.
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If you become unfit for work
If you become unfit for work, you must inform the pension fund. We will ensure that your pension accrual continues (partially). Euroclear will then continue to pay the premium for this.
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If you get married or enter into a registered partnership
If you get married, cohabit or enter into a registered partnership, please notify us.
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If you are getting divorced or ending your registered partnership
If you get divorced or end your cohabitation or registered partnership, notify us and we will make sure that your partner's pension accrual is terminated. We will also ensure that the accrued pension and partner's pension is divided with your ex-partner.
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If you move abroad
Notify us of your change of address through Appel Pension Administration.
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If you become unemployed
After you leave employment, pension accrual and the accrual of the partner's and orphan's pension ends. In that case, make sure there is still sufficient income in case you die before your retirement date.
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If you want to make use of an option
If you want to make use of one of the options under “What choices do you have?”, please contact us.
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In the event of death
If you pass away, it is important that your partner contact us.
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Mijnpensioenoverzicht.nl
At least once a year, check how much pension (capital) you have accrued and what you can expect later.
Go to www.mijnpensioenoverzicht.nl​​.
If you have any questions
Do you have questions about your pension or want to take advantage of an action/choice moment? If so, please contact Rahma Cherrat of Appel Pension Operations, our pension administrator at telephone number 085-2104093 or email info@appelpensioen.nl.