Evelyn, 54 year old administrative assistant

“Did you know we generally live longer? On average, we now live twenty years into our retirement. That means your money will need to go a long way if you want to stay financially independent.”

'Life after work... that’ll be in Portugal for me. I want to pursue my dream and open a Bed & Breakfast. To accomplish that, and to give me peace of mind, I’ve studied the ins and outs of my pension. I want to know what my ex-husband will pay me, how much my employer’s pension plan will pay out and when my Dutch state pension (AOW) will start paying out. So I can make my dream come true in Portugal and have enough money to enjoy my life as well!

I never used to read letters from my pension funds, but nowadays I login to the Pension Planner to find out as much as I can. I used to be clueless about investments, but now I check stock markets and interest rates. Every year, I switch to a different health care insurer and energy company. That might sound over the top, but I like having a grip on my financial situation.

Unfortunately, the Dutch state pension age is going up. I figured out what this means for me: my Dutch state pension (AOW) will probably start when I reach the age of 67 years and six months. I doubt that retiring early will be possible for me.

I never used to read letters from my pension funds, but nowadays I login to the Pension Planner to find out as much as I can.

I’m 54 years old now and as far as I know, I have four major pension moments lying ahead.

When I turn 61: My ex-husband will retire at that time and I will start receiving half of the old age pension he accrued while we were married.
When I turn 65: I will start getting pension benefits from Pensioenfonds ING, plus two pension funds in which I accrued small pensions.
When I turn 67: I will start getting pension benefits from ING CDC Pensioenregeling.
When I turn 67 + 6 months: I will start getting pension benefits from the Dutch state (AOW benefits).

I might be able to retire when I’m 65. I will check the Pension Planner to find out how early retirement will affect my pension. I never thought I’d be concerned about my finances, but working out these details is helping me enormously.’

Does Evelyn’s situation sound familiar to you? Check My Pension for a summary of pension information relevant to you.

This article is about a fictional employee of ING.

News

21-11-2024

Funding ratios as per 31 october 2024 are known

Funding ratios as per 30 september 2024 are known

ING CDC Pensioenfonds’ funding ratios as per 31 August 2024 are known. The funding ratio is 130% and the policy funding ratio is 132%.

Are you satisfied with our pension services?

We would like to know how you feel about our services and how we keep you informed with regard to your pension.

Do you have any questions about your pension? Tune in to one of the webinars on 12, 13 or 14 November.

The 3-day event ‘Pensioen3daagse’ in 2024 will once again include webinars about pension, which we will organise together with Pensioenfonds ING.

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