Orphans’ pension through ING CDC Pensioenfonds
Should you pass away, your children will be entitled to orphans’ pension until the month in which they turn 18. This is also the case for stepchildren and, subject to certain conditions, your foster children. If you have more than five children, orphans’ pension is limited to a maximum amount.
‘Children’ also includes stepchildren and foster children raised and supported by you. You must register a foster child with ING CDC Pensioenfonds, which ING CDC Pensioenfonds in turn must accept. Make sure this is in order.
A child’s right to receive orphans’ pension can be prolonged if, for example, your child goes to college or runs the family household. In any case, the right to receive orphans’ pension ends when your child turns 27.
Orphans’ pension and the law
Under the General Surviving Dependants Act (ANW), your partner is entitled to additional survivor benefits as long as your children are not yet 18 years old. Conditions:
- You live or work in the Netherlands.
- Your partner is younger than the pensionable age for state old-age pension (AOW).
- The children are your own children and your partner cares for these children.
The additional survivor benefits under the General Surviving Dependants Act (ANW) are paid by the state. The Social Insurance Bank (Sociale Verzekeringsbank - SVB) will pay these benefits after you have passed away. Visit their website for up-to-date information.
Higher income for your children
If you want to make sure your children’s income is higher when you pass away, you must take out insurance to cover this. If you think this might be relevant to you, you should contact an advisor
Annual statement of orphans’ pension
Once a year, you receive a Uniform Pension Overview (UPO), which also states the amount of orphans’ pension your children will receive if you pass away.
Orphans’ pension benefits after your pension has started
If you pass away when your pension has already started, your children will be entitled to orphans’ pension until the month in which they turn 18. This is also the case for stepchildren and, subject to certain conditions, your foster children.
‘Children’ also includes stepchildren and foster children raised and supported by you. You must register a foster child with ING CDC Pensioenfonds, which ING CDC Pensioenfonds in turn must accept. Make sure this is in order.
A child’s right to receive orphans’ pension can be prolonged if, for example, your child goes to college or runs the family household. In any case, the right to receive orphans’ pension ends when your child turns 27.
If you pass away after your pension has started, the orphans’ pension will amount to 14% (on average) of your the old-age pension you built up at the pension fund.
If you pass away, this does not need to be reported. You municipality will report your passing away to ING CDC Pensioenfonds, which in turn will request the municipality to provide details of your children. ING CDC Pensioenfonds will then inform your surviving dependants about orphans’ pension, among other things.
Additional insurance?
If you have taken out additional insurance, your surviving dependants will need to contact your insurance company to arrange for payment. If you think this might be relevant to you, you should contact an advisor.
