Universiteit Leiden

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Finance

Changes in pension: what does it mean for you?

22 January 2018

UPDATE 26-01-2018: At the request of employers' organisations and unions, ABP Pension Fund has decided to extend the current Anw-compensation until 1 May 2018.

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Leiden University employees accrue pension with the ABP. From February 1st 2018 the pension scheme changes. In the event of unfortunate death there may be considerable financial consequences for the surviving dependents. The Algemene Nabestaanden Wet (ANW)-compensation of ABP will be canceled in 2018. If you die áfter 31 January 2018, your partner will not be eligible for a ANW-compensation. For special and poignant situations ABP has a leniency programme.

Maybe extension compensation scheme

Recently you received an ABP letter to inform you about the changes in the pension scheme (link Dutch only). There has been a particularly short time to anticipate on the restrictions. That is why the unions have requested an extension of the compensation scheme. The employers’ organisation stresses the importance of time for proper individual evaluation. Employers and employees try to reach an agreement, we soon expect a result.

Check your personal situation in mijnabp.nl

The impact differs per person. Check the specific consequences for you personally in mijnabp.nl. Or look at your most recent Uniform Pensioenoverzicht (UPO) for information about the extent of the financial consequences.

Supplementary insurance

You may decide that you want to take out supplementary surviving dependents insurance for more financial security. Many insurance companies offer these services. We will inform you when there is more clarity about the possible extension of the compensation scheme.

What is the Anw-compensation?

If you die, your partner may be entitled to a benefit from the government. This is regulated via the National Survivor Benefits Act (Anw). In some situations, ABP will supplement the survivor's pension when they don't receive or only partially receive the Anw-benefit. This is called the Anw-compensation.