Abolition of ANW compensation, check your financial situation
A question to consider for a moment: will your partner be able to make ends meet when you die? As of 1 May 2018, the ABP pension fund will stop paying a supplement to the survivor's pension for partners who have not yet reached the state pension age. Whether insurance is necessary depends on your personal situation.
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After your death, your partner will receive a partner's pension. The accrual for the partner's pension has been increased by the unions to 70 percent of the retirement pension. “It was always about 50 percent,” says AObpolicy advisor on pensions Roelf van der Ploeg. However, the ANW compensation for partners who have not yet reached the state pension age will disappear on 1 May. “Members need to check carefully whether they want to insure themselves for this in order to absorb the abolition of that compensation,” explains Van der Ploeg. That is different for everyone and depends on your personal financial situation.
Offer
Teaching staff in secondary vocational education or higher professional education can take out insurance through their school board. “All employers from these educational sectors make a collective offer to their staff. If you insure yourself in this way, there is a small tax benefit.”
The employers from primary and secondary education do not all participate in such a collective offer. “Some primary and secondary school boards do participate, others don't. Ask your employer about this ”, says Van der Ploeg. Members in these sectors must carefully consider whether they want to insure themselves and arrange this themselves with an insurance company. They can then, for example, take out life insurance or survivors' insurance.
Teaching staff who work in MBO or HBO can insure themselves through their school board.
If you take out insurance yourself, it is good to see if you belong to the group that already worked in education before 1996. Then you have already been saving for your pension for some time and your partner may be entitled to more partner's pension because of old agreements. Through this link you can see what you are entitled to. Van der Ploeg: "Especially calculate that if you belong to this group, because it means that you can also insure for a lower amount."
Ziek
The chronically ill are advised to report to the ABP before 1 May 2018, Van der Ploeg suggests. "This group of people falls under an exception, but they must inform ABP about this."
Pensioenfonds ABP has listed everything about the abolition of the ANW compensation. You can also find out how much the compensation was for you on the website of the pension fund. Go to this link for additional explanation and information.
