Are you leaving ING and going to work somewhere else? If so, you will subsequently be covered by your new employer’s pension plan. Are you becoming self-employed? In that case, you will be responsible for arranging your own pension. We will not consider that situation here.
If you start a new job with another employer, you can often transfer the pension you have accrued with us to your new pension fund. However, there are a few practical matters you should keep in mind.
Point 1: the new pension rules
New pension rules are being introduced. Our pension fund has not yet implemented them. Has your new pension fund already adopted the new rules? If so, you cannot transfer your pension yet. You will only be able to do so once we have also implemented the new rules. This is because both pension funds must operate under the same set of rules: either both under the old rules or both under the new rules.
Point 2: take note of your compensation
If you change jobs, make sure you do not miss out on any compensation. This compensation is intended for employees aged approximately <age> who would otherwise be worse off under the new pension rules.
Do you qualify for this compensation? If so, you must be employed by us at the time we switch to the new pension plan, which will be 1 January 2028. If you leave before then, you will not receive any compensation from us. However, you may be eligible for compensation from your new employer if they have not yet implemented the new rules either. It is therefore important to check this carefully.
Please note that the exact details of the compensation scheme have not yet been finalised. Among other things, our pension fund still needs to approve this scheme.
Point 3: check your new pension scheme
Carefully check your new pension scheme. Does it suit you? If you are unsure, seek advice from a financial professional.
Are you working at ING and 55+?
Would you like to discuss your personal situation in more detail? You can request a free pension consultation. To schedule an appointment, you must first answer a few questions in our pension guide.
