Answers to the most frequently asked questions concerning retirement.
Early retirement can be taken from the age of 58. The conversion rate depends on age and reduces in the event of early retirement. The earlier retirement is taken, the lower the accumulated retirement capital and the lower the age-related conversion rate.
If you want to continue working, continued cover is possible until the age of 70. Continued cover and deferred retirement beyond normal retirement age (64 for women, 65 for men) are possible on request, providing the employee continues to work without interruption and his/her employer authorises continued cover. Beyond the age of 65, only the savings-related contribution needs to be paid, with the risk-related contribution no longer required.
- You only work on a part-time basis (50%) from the age of 60 and receive a partial (50%) pension (in the form of annuities, a lump sum or partial annuity/partial lump sum payment).
- You only work on a part-time basis (70%) from the age of 60 and receive a partial pension of 30%. From the age of 63, you further reduce your working hours by 30% and are entitled to a further partial annuity of 30%. At the age of 65, you stop working completely and receive the corresponding pension amount.
- You can also choose to receive all or part of your pension in the form of a lump sum. You must inform the provider of your choice three months prior to effective retirement, using the Pension payment form. Failure to comply with this deadline will result in your pension being paid in the form of annuities. To help you choose between annuities or a lump sum, you can consult our information leaflet.
Each dependent child under the age of 18 (25 in the case of apprenticeship or ongoing education) gives the pension-holder entitlement to a child's annuity. It is generally equivalent to 20% of the pension annuity paid.