How do you accrue pension?

	You accrue pension in three ways: A. AOW: this is state old-age pension that you receive from the government if you have resided or worked in the Netherlands. You can read more about AOW at www.svb.nl. B. Pension at the Stichting Pensioenfonds Pensura pension fund. You accrue this pension via your employer. This is what this Pension 1-2-3 is about. C. Pension that you arrange yourself. Examples include an annuity or a tax-efficient blocked bank savings account.
	Your contribution is paid into a pension investment account each month. The premiums are invested on your behalf and form pension capital on your retirement date. You use this capital to purchase a retirement and/or partner’s pension. We call this a defined contribution scheme.
	Your defined contribution is determined on a portion of your annual income. It is not calculated on your entire annual income. You accrue pension up to the maximum basic annual income through Pensioenfonds PGB. The part of your annual income over which the defined contribution is determined is the annual income above the maximum basic annual income of € 61.395,00 (2021).
	The contribution for your pension is paid each month. Your contribution is shown on your payslip. Your employer may also contribute to your pension. Check with your employer whether and/or how much they pay.

How is your pension arranged?