Do you plan to retire within the next 5 years?
The new pension scheme is coming. What will that mean if you retire within the next 5 years? What should you keep in mind?
Whether you are 57 or 65, you can retire within the next 5 years. Simply because you reach the state pension age or because you can retire earlier (part-time – in consultation with your employer). It's all possible; you can decide that for yourself. That's the beauty of the TNO Pension Fund pension scheme. But is it wiser to stop working just before or just after the start of the new pension scheme? We cannot make that decision for you. We have, however, set out all the practical information for you here.
Retirement before 1 July 2026
We expect to move to the new pension scheme on 1 July 2026. If you retire before that date, it is not actually very different than usual. You can use the pension planner to see how much pension you will receive when you retire based on the current pension scheme. To do this, go to 'My pension' (top right of the TNO Pension Fund website) and log in with your DigiD.
Retirement after 1 July 2026
The situation is different if you want to retire after 1 July. Exact calculations of pension amounts after that date cannot yet be made. Of course, the arrangements relating to the new pension scheme are already known. So a basis is available, but the precise details are not yet in place. The pension planner, for example, has not yet been updated to reflect the new pension scheme. Even behind the scenes, we cannot yet make a calculation for you. An estimate, however, is possible.
Are you 62 years of age or older? If so, you can take advantage of a pension meeting.
Age 62 or older
Are you 62 years of age or older? If so, you can take advantage of a pension meeting. The meeting is the ideal opportunity to ask any questions you might have about the pension you’ve accrued at TNO Pension Fund. These meetings last around 45 minutes, and are absolutely free. Therefore, if you would also like a calculation of your pension, it depends on whether you want to retire before or after the expected effective date of the new pension scheme: 1 July 2026.
Please note: TOP
After the transition to the new pension scheme in 2026, the TOP scheme will cease to exist. The accumulated pension capital under the TOP scheme will then be converted into old-age pension. So you will not lose the money and you can still bring forward your pension, but the new system will be less flexible. This is because your TOP will become part of your new pension scheme and no longer exist independently. You can use your TOP capital until early 2026 for a TOP benefit or partial TOP benefit. You then partially retire before 1 July 2026. Contact our pension administrator AZL if you have any questions about this.