a brief guide 21 to your pension scheme - … learn more, incapacity options for work pension...

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Pension accrual

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A brief guide to your pension scheme

What is pension?

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More information

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Value transfer

20

Divorce

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11

Surviving Dependants’ Pension

Administrator of your pension

Pensioenfonds TNT Express

Pensioenfonds TNT ExpressAs a TNT employee, the TNT collective wage agreement applies to you. This collective wage agreement also includes the pension agreement. It sets out the pension arrangements between the employer and the employee. The agreement is administered by Pensioenfonds TNT Express.

Pensioenfonds TNT Express sees to it that all arrangements in the pension agreement are implemented correctly. Pensioenfonds TNT Express also ensures that your pension is administered properly and that when you retire, it is paid out to you.

The pension scheme Pensioenfonds TNT Express offers an average pay

scheme. Under this scheme you annually accrue pension

over the salary you receive that year. Your final pension

is based on the average salary you earn in the years

you work.

The pension scheme combines the following pension

types: retirement pension, surviving dependants’ pension

and disability pension.

Your retirement pension is paid as soon as you retire

and stops when you pass away.

The pension planner You will find the pension planner at:

www.pensioentntexpress.nl. From the moment you

receive your first pension statement, you can use the

planner to make your own pension calculations to

determine, for instance, if you can take early retirement.

Do you have any questions after reading this

brochure? Or would you like to know more?

Then go to www.pensioentntexpress.nl,

the website of Pensioenfonds TNT Express.

If you have any questions and/or comments,

you can call us at (050) 522 50 90, or contact us

by email at [email protected].

You can reach us Monday to Friday, from 9 a.m.

to 5 p.m.

www.pensioentntexpress.nl

’The average pay plan is

a defined benefit agreement’

A brief guide to your pension scheme | 32 | Pensioenfonds TNT Express

Frequently asked questions

and the corresponding answers

What do I do if I have several employment contracts?People who have several employment contracts with

TNT, take part in the pension fund separately for each

employment contract. It goes without saying that each

employment contract must meet the conditions for

participation specified (see page 7). Employees with

more than one employment with TNT therefore qualify

for more than one pension.

I am not yet 21 years old. How does this apply to me?If you are not yet 21 years old, but do meet the other

conditions, you are insured for the risk of death and

disability. The partner pension, the orphan’s pension and

the disability pension to which your surviving dependants

are entitled are all calculated as if you were 21 years old.

What if I have a fixed-term employment contract?Some employees are not covered under the TNT collective

wage agreement because they have an employment contract

for a few months only. Employees who for this reason are

not covered under the TNT collective wage agreement and

are therefore not covered under the pension scheme, are

insured for the risk of death. That means they only qualify

for a partner and orphan’s pension.

What can I do if I find that my pension has not been calculated correctly?If you have any questions about your pension, you can

contact the Pension Desk (see page 21). If you believe that

your pension has not been calculated correctly, you may

object to the board of the pension fund. Other interested

parties, such as surviving partners or orphans, may also

make such objections.

The board will decide on the matter within a reasonable

term. You will be informed of the decision on your objection

in writing by Pensioenfonds TNT Express.

If you disagree with the board decision, you may appeal

to the Disputes Committee within 30 days. This committee

has been set up to decide on disputes regarding the

application of the regulations.

If you disagree with the decision by the Disputes Committee,

you may contact the Ombudsman for Pensions. It will give a

What happens to my pension accrual if I am on parental leave?If you and your partner have a baby, you qualify for parental

leave. Although you will be working less for a while, you will

continue to accrue pension during your leave. This will be pro

rata the accrual of the pension at the time you went on leave.

What happens to my pension accrual if I am on unpaid leave?If you take unpaid leave, you accrue no pension. The cover

of the risk of death remains as is for a period of 18 months.

It is also possible to continue participation during the unpaid

leave in full and therefore continue to accrue pension.

However, in that case you will be responsible for paying

all contributions for the pension and Anw gap insurance

(if you took part in this before you took leave).

What happens to my pension accrual if I am on leave via my Life Course Savings scheme?Leave taken as part of the Life Course Savings scheme

is also a form of unpaid leave. This means that the risk of

death continues to apply but that you no longer accrue

a retirement pension. Again, you may opt to continue

participation for your own account. You will find more

information about the Life Course Savings Scheme and

pension accrual on the TNT Intranet. You can also get a

copy from your Personnel department.

Can my pension be commuted? Pensioenfonds TNT Express has the right to commute

small pensions. These are small pensions to be paid out

on retirement, usually because the participant worked for

TNT for a short period of time only. When commuting a

small pension, all future pension entitlements are converted

into payment at once, as a commutation amount. Every year,

a pension commutation cap is set. To see how much this is,

go to www.pensioentntexpress.nl. The pension fund

may commute a pension no sooner than two years after

participation in Pensioenfonds TNT Express has stopped.

During those two years you may transfer the accrued pension

to the pension administrator of a new employer, if applicable.

But never without your approval, of course. If the pension

fund decides to commute the pension, you will be paid the

commutation value of the accrued pension as a lump sum.

This means you will receive no more pension benefits on your

retirement date. The pension fund will notify you if the fund

plans to commute your pension entitlement.

(non-binding) advice, following mediation if applicable, to the

pension fund board. If the pension fund board decides not

to follow the advice of the Ombudsman, the matter can be

put before a court.

The procedure is set out in the regulations of the Disputes

Committee, attached to the pension scheme. The pension

regulations are published at www.pensioentntexpress.nl.

What does it cost to accrue a pension?Pensions are an expensive term of employment. Your

employer must pay a contribution, and you also contribute.

The sum deducted from your wages each month and paid

towards the costs of the pension scheme (the participants’

contribution) is determined by the social partners as part

of the collective wage negotiations.

If you participate in an Anw-gap insurance you pay a

premium (see www.pensioentntexpress.nl). This premium,

deducted every month from your salary, is calculated

periodically.

’What happens to my pension accrual if I take parental leave?’


What is it used for?

Pensions usually refer to future income. However, it is important that you are properly informed about your pension and your pension scheme. That is because pensions are more than just retirement pensions. They also provide income in case you become incapacitated for work or pass away.

And there may be other situations in which it can be important that you know what your pension is; for instance if you change jobs, get married, cohabit or divorce. This brochure outlines your pension scheme, which Pensioenfonds TNT Express introduced on 1 January 2015.

What is pension?

The Dutch pension system is based on three pillars. Part

of your pension is paid by the government (the so-called

AOW pension). Another part you save up for via Pensioen-

fonds TNT Express provided by your employer. The third

part you arrange for personally by investing or saving

funds, or by taking out private insurance.

You take part in Pensioenfonds TNT Express if you:

• HaveanemploymentcontractwithTNT

• Areover21

• ArecoveredundertheTNTcollectivewageagreement.

You start to build up pension from the effective date of your

employment contract, or when you turn 21. From that date

you will build up your pension under an average pay scheme.

The pension amount depends on your salary and years of

service. You will receive this pension when you retire.

If you become incapacitated for work, you may be entitled

to a benefit from the pension fund, and your partner and/or

children may receive a pension if you pass away. Your pension

accrual stops when you no longer fulfil the conditions for

participation. Accrual will in any case stop if you:

• Retire

• LeaveTNT

• Passaway.

Participation will not end if you are entitled to continuation of

the pension accrual. For instance as the result of incapacity

for work or parental leave.

’You start to build up pension

from the effective date of your

employment contract or when

you turn 21 while in employment’

For the full pension scheme regulations, go to


For more information about the role of Pensioen-

fonds TNT Express, its board and administration,

please go to



If you retire, you want to be certain that you have enough income to live on. But how much will you actually get? And what are the various components of the pension?

Under the Pensioenfonds TNT Express pension scheme you accrue a lifetime retirement pension. This pension is paid out for life, from the moment you retire. The standard retirement age is 67, but you may also opt to take early retirement (from your 60th birthday at the earliest).

Accrual of your pensionUnder the average pay scheme that applies to you, you

accrue a slice of your pension annually, calculated based on

the salary you receive that same year. Your final pension is

based on the average salary you earn in the years you work.

Because you will also get a state pension, you do not build

up a pension over your full salary. The deducted amount is

called the offset. The offset is that part of your income for

which you accrue no pension. The offset is established

each year, and listed at www.pensioentntexpress.nl.

Janet is a full-time TNT employee. Her fixed annual salary

amounts to € 24,000, which includes her holiday allowance.

This is before addition of the € 2,000 TOT allowance.

The offset is set at € 12,953.

The annual pensionable base is calculated as follows:

(fixed annual salary - offset) + TOT per year = pensionable

base (€ 24,000 – 12,953) + € 2,000 = € 13,047.

Janet accrues 1.875% pension over the pensionable base.

That is € 244.63 per year.

The amounts Janet saves up each year will form her pension

when she turns 67.

Janet wants to retire at 67. She will have worked at TNT

for 35 years. Janet will receive: pensionable base x accrual

percentage x years of participation = € 13,047 x 1.875% =

€ 244.63. € 35 x 250.46% = € 8,562* gross per year

Jack will retire at 67. He will have worked at TNT for 35 years.

Jack does not work full-time. He has a contract for 24 hours

per week.

Just like Janet he earns € 24,000 at full-time employment,

but as he works part-time, Jack accrues pension over only

24 of the 39,25 hours. That is 61%. The offset is € 12,953 and

the TOT is € 1,250. The part-time factor = 0.61 (24 of 39.25

hours) the average TOT per year (variable income) = € 1,250.

The (average) pensionable base is calculated as follows:

((annual salary full - offset) x part-time factor) + average TOT

per year = pensionable base ((€ 24,000 - € 12,953) x 0.61)) +

€ 1,250 = € 7,988.67.

Jack accrues 1.875% pension over the pensionable base.

This is € 149.79 per year. The pension Jack will receive is

therefore 35 x € 149.79 = € 5,243* gross per year.

’If you work part-time, you

accrue pension in proportion

to the time you work’

This is Jack, a part-time TNT employee

Calculation example pension accrual full-time employee

Calculation example pension accrual part-time employee

Pensionable salaryYour pension accrual is calculated based on the following:

•Yoursalary

•Yourholidayallowance

•Yourallowanceforworkingirregularhours(TOT)

and the TOT phasing-out scheme

•Yourpersonalallowanceexceedingthefinalsalary

for job specific reasons

•Thepartofthesalaryexceedingtheendsalary

in that scale

•From1January2015youcannolongerbuildupany

pension via the pension fund over any salary exceeding

€ 101,519.

These are the components of your total pensionable

salary. For more information, please see the collective

wage agreement. The percentage of your annual pension

accrual in your pension scheme is 1.875% of the pensionable

base. The pensionable base consists of your pensionable

salary minus the offset.

Part-time workersIf you work part-time, you also take part in the pension

scheme, and build up a pension pro rata the time you work.

The offset for part-time employees is calculated pro rata

the number of hours you work of a full working week.

For example, if you work 60% an offset of 60% applies.

All TNT employees accrue pension pro rata their salaries.

How much pension do I accrue?

Here is an example

* Please note: The calculations are based on Janet and Jack earning

the same wages throughout their careers. The above calculations merely

give an indication of the pensions participants can accrue. The example

does not take into account any indexation.

This is Janet, a full-time TNT employee


’We will send you

an application form

some six months

before your

retirement date’To care for your partner and any children after you pass away, you need to make arrangements. Pensioenfonds TNT Express offers a so-called surviving dependants’ pension. The surviving dependants’ pension consists of:· Partner pension and· Orphan’s pension.

Partner pensionIf you pass away during employment, your partner is entitled

to partner pension. Payments start on the first of the month

following your decease and continue up to and including the

month of the decease of your partner.

If you pass away after your retirement date, your partner is

also entitled to partner pension, except if you exchanged

the partner pension for a higher retirement pension on your

retirement date. When you retire it is important therefore

to consider your need for a partner pension cover.

Your partner is entitled to partner pension if you:

•Aremarried

•Areinaregisteredpartnership

•Arecohabitingoutsidemarriage.

Cohabitation outside of marriageIf you live with someone outside of marriage, you do not

need to report your partner to the pension fund. You can

do this when you retire, if you so wish. If you do not register

your partner when you retire, your partner will not receive

a partner pension after you pass away.

If you live with someone outside of marriage (and your

partner is not registered) and you pass away while in

employment, your partner will need to demonstrate that:

•Youhaverunajointhouseholdforsixmonthsormore,

and

•Youhaveacohabitationcontractthatwassignedat

least six months before your time of death, and

•Youandyourpartnerlivedtogetheratthesame

address at least six months prior to the decease.

Take note:

If you decease after you retire, the marriage, registered

partnership or joint household must have commenced

before the retirement date.

’Think about your pension’

Surviving dependants’ pension

For your partner and children

Relatedtopic• Youroptions,page16

Pensioenfonds TNT Express aims to adjust the

pension you build up, and the pension payments,

to inflation every year. More information is

available at www.pensioentntexpress.nl


Increase of your pension: indexation policyPensioenfonds TNT Express aims to adjust the pension

you build up, and the pension payments, to inflation every

year. It is based on the increase of the consumer price index

(CPI)* of Statistics Netherlands (CBS) from November to

November, with a maximum of 4%. We call it indexation.

You do not automatically qualify for indexation, as Pensioen-

fonds TNT Express must have sufficient financial resources

to grant it. The board decides each year if the accrued pension

and pension payments are to be adjusted. Indexation is

always conditional.

* This regards the ’All households, derived’ price index.

Indexation targetThe pension fund aims to increase the pension you

accrue and the payments each year by 80% of the general

cost of inflation. For instance: In principle, if the prices

go up by 1%, and the pension fund has sufficient funds,

pension payments will go up by 0.8% in principle. This is

based on the pension contribution paid each year and

the anticipated return on investment.

If in the past no increase was possible due to a lack of

funds the pension board may decide to award indexation

not (fully) paid in the past after all. But only if the pension

fund has sufficient financial resources. This is referred to

as catch-up indexation.

Applying for your pension You need to apply for the payment of your pension in writing.

Some six months before your retirement date (the first of the

month following your 67th birthday) we will send you an

application form.

You are then given a number of options for a pension that

meets your needs. For instance, if you would like to receive

more pension for a limited period of time. You will read more

about these options from page 16. If you would like to retire

before you turn 67 you will need to apply for this.

A brief guide to your pension scheme |1110| Pensioenfonds TNT Express

The partner pensionIfyoupassawaybeforeyourretirementdate,thepartner

pensionis70%oftheattainableretirementpension(including

the pension accrual over any variable pensionable income).

The attainable retirement pension is calculated based

on the years of participation between your decease and

the retirement date. In the event of your decease after the

retirementdate,thepartnerpensionisupto70%ofthe

retirement pension. The amount of the partner pension

depends on the moment you entered into service and

the choices you made at the time of retirement.

Orphan’s pensionUpon your decease any children you have will receive

an orphan’s pension if they:

• Arenotyet18

• Areincollegeandmeettheconditionsofthepension

regulations,andareunder27.

Suppose your partner remarriesIf your partner remarries or lives with a new partner after

youpassaway,thepartnerpensioniscalculatedagain.

The years between your decease and the retirement date

donotcountasmembershipyears.Yourpartnerisobliged

toinformthefundimmediatelyifheorsheremarries,enters

into a registered partnership or runs a joint household.

The amount of the orphan’s pensionTheorphan’spensionis20%ofthepartnerpensionperchild,

foruptofivechildren.Ifyouhavemorethanfivechildren,

the orphan’s pension for five children is divided equally over

thetotalnumberofchildrenyouhave.Forinstance,ifyou

havesevenchildren,eachchildwillreceive5/7th share of

thecalculatedorphan’spension.Together,thechildrenwill

receive100%ofthepartnerpension.

Calculation example Supposethepartnerpensionis€4,800.Theorphan’s

pensionperchild(foruptofivechildren)is:20%of€4,800=

€960grossperyear

’Quite comforting to know

that my children will be cared

for financially’

’Are you retiring,

and do you not have

a partner? Then you

will receive a higher

retirement pension’

What if I do not have a partner?If you do not have a partner, you still accrue partner pension

because you may have a partner in the future. That means

there is a provision for a partner pension. If you find a partner

after retirement and pass away, your partner will not receive

a partner pension.

Are you retiring, and do you not have a partner? Then you

will receive a higher retirement pension. You must state this

on the application form you will receive from the pension

fund at such time.

Are the provisions under the Surviving Dependants Act adequate?If someone passes away, this often has financial

conse quences for the surviving partner and children.

The government wants surviving dependants to be

insured of a basic income. That is why they are entitled

to a payment under the Surviving Dependants Act (Anw).

However, payment is subject to conditions. Moreover,

the Anw benefit is means tested. In some cases there may

be no entitlement to an Anw benefit, or only a partial one.

TNT employees may opt to take out additional insurance

that mostly covers the risks and any negative financial

implications, the so-called Anw gap. For more information,

please see the Anw top-up scheme brochure.

Take note: You are covered under this insurance unless you

deregister within two months after joining the company.

Relatedtopic• Divorce,page19

In some cases, surviving dependants are entitled

not only to a partner pension, but to an additional

benefit under the General Surviving Dependants

Act (Anw) too. More information is available at

www.svb.nl

www.svb.nl


If you are employed, you may become incapacitated for work. What happens to your income if you can no longer work, full-time or part-time? And what about your pension accrual? The rules are simple: only if you become incapacitated for work for more than 35% will you receive a state-funded WIA benefit. WIA is short for Work and Income according to Labour Capacity Act. Will this payment commence or is it increased while you take part in Pensioenfonds TNT Express scheme? Then you may qualify for:· disability pension, and/or· supplementary disability pension.

Disability pensionIf you fall sick, TNT has a legal obligation to continue to

pay your wages for a stipulated period of time. When you

are (partially) incapacitated for work and no longer receive a

salary from TNT, you may qualify for a benefit. This is usually

two years after you become incapacitated for work. You will

then receive a WIA benefit paid for by the state. The (maximum)

WIA benefit is established each year; for more details, go to

www.uwv.nl.

If you earned more than the maximum daily wage deter-

mined by the government for the WIA benefit before you

became unfit for work, the pension fund will pay you a

disability pension. The disability pension is based on the

benefit percentage used to establish the WIA benefit paid.

Supplementary disability pensionSuppose you are partially incapacitated for work and you

are reassigned within TNT (to which the TNT collective

wage agreement applies). In that case you are entitled to

an extra disability pension.

This pension commences at the time the employer

discontinues its payment of your salary and benefit during

sickness and invalidity in accordance with the TNT collective

wage agreement. The extra disability pension applies for

as long as you are reassigned.

Your participation in the pension scheme during invalidity As long as you are employed with TNT, you will be a

member of the TNT Express Pension Scheme and your

pension accrual will continue. If your employment ends

due to your invalidity, you may qualify for the continued

accrual of your pension. This depends on your incapacity

for work percentage. Pension accrual is continued only if

your incapacity for work exceeds 35%. You may not accrue

more pension than you accrued annually before your

employment was terminated.

If you are fit for work at the time your employment with

TNT ends, the right to a disability pension lapses.

Suppose I become incapacitated for work

What happens to my pension?

’What happens to my pension

if I can no longer work?’

For more information go to

www.uwv.nl


www.rijksoverheid.nl/onderwerpen/wia


The Pensioenfonds TNT Express pension scheme offers four options:1. Early retirement2. Variable pension benefit 3. Partial retirement4. Exchange partner pension for

higher retirement pension.

’Even as a single you accrue

partner pension. Did you know that?’

1. Early retirementThe standard retirement age under the pension scheme is

67. If you wish, you may also take early retirement, but not

before you are 60. Please remember that if you opt to take

early retirement, this will affect how much pension you will

receive. If you retire before the age of 67, your retirement

pension will be lower. because you accrue pension over a

lower number of years, while the pension will have to be

paid for a longer period of time. The reduction of your

retirement pension depends on the number of years and

months you retire sooner. The partner pension will also

be lower, in proportion to the retirement pension.

You may take early retirement at an age more than five

years before your state retirement age only if your salary

decreases accordingly.

2. Variable pension benefit It is possible to apply for a higher retirement pension

during the first few years of your pension, followed by a

lower pension for the remainder of your life. If you opt

for a variable pension, this will not affect the partner

pension, if applicable.

If you retire before the state retirement age, you may

also opt to convert part of the lifelong pension into a

temporary payment. This is called state retirement

pension compensation.

3. Partial retirementYou may take part-time retirement from the age of 60

and continue to work part-time. This is something you

need to decide together with your employer.

Your part-time pension will be based on the part-time

percentage. For the percentage you continue to work,

you will continue to accrue a retirement pension.

4. Exchange partner pension for higher retirement pension

A partner pension will provide your partner with an income

if you pass away. Together with your partner, you may also

opt to reject the accrued partner pension when you retire.

You will receive a higher retirement pension. This is called

exchange. Your partner will lose his or her right to a partner

pension if you pass away.

Even if you are single you accrue partner pension. You can

exchange it for a higher retirement pension when you retire.

Your options

You have 4 options

Do you wish to calculate how the choices listed

for your pension will affect you? Then use the

pension planner at


’It is possible to take partial

retirement and to continue

to work part-time’


A divorce affects your pension. If you divorce or terminate a registered partnership, your ex-partner is entitled to part of the accrued retirement pension. This division of your pension is referred to as ’equalisation’. You can arrange with your ex-partner the division of your pension.

Dividing your retirement pension or notYour ex-partner is entitled to half your retirement pension if

you were married or in a registered partnership. This concerns

the part of your retirement pension you accrued when you

and your partner were officially together.

You may also agree that one receives more than the other.

In that case the following applies: your ex-partner will

receive this pension from the moment you retire, for as long

as you and your ex-partner live. If you pass away before

you retire, no retirement pension is paid to your ex-partner.

Does your ex-partner pass away before you do? Then the

equalised share of the pension will be refunded to you.

You may also decide, together with your ex-partner, not to

divide your pension. Your ex-partner will not get anything

and you will get the full pension.

Partner pensionAfter you pass away, your ex-partner is entitled to the

partner pension you accrued until your divorce. This so-called

special partner pension applies if you were married, in a

registered partnership or cohabited. It is paid directly to

your ex-partner after your decease, for as long as he or she

lives. If you ex-partner passes away before you do, there is

no beneficiary for this special partner pension.

If you find a new partner after you have divorced, your

new partner will also be entitled to a partner pension if

you pass away. However, your new partner does not receive

the full partner pension because part of it goes to your

ex-partner as special partner pension.

’Fortunately, we were able to make good arrangements about the division of the pension’

’If you find a new partner after you

have divorced, your new partner will

also be entitled to a partner pension

if you pass away’

The implications of divorce

What happens to your retirement pension and partner pension?

For more information about how a divorce

affects your pension, please read the brochure

’Pension in the event of divorce after 1 May 1995’

you will find on the website


A brief guide to your pension scheme |19

Having a pension managed by a single pension administrator has certain benefits. The pension will be administered by a single administrator. Moving your pension to a new employer is referred to as value transfer.

New at TNT: your pensionSuppose you leave your former employer and start to

work for TNT. You may then decide to transfer the value

of the pension entitlements you accrued somewhere else

to Pensioenfonds TNT Express.

Whether or not it is wise to transfer the value depends

on the differences between the pension schemes of your

former employer and TNT.

’There are a number of aspects

that play a role in value transfer’

Leaving TNT: your pensionHave you found a new job and are you leaving TNT? Then

you will no longer accrue pension with Pensioenfonds TNT

Express. You remain entitled to the retirement pension and

partner pension you have accrued until that time. You may

also choose to transfer you pension to your new employer.

Again, whether or not it is wise to transfer the value when

you leave TNT depends on the differences between the

two pension schemes. Indexation is a particularly important

aspect in this. Contact the pension administrator of your

new employer for more information. The accrued pension

that remains with Pensioenfonds TNT Express is subject

to the indexation policy of Pensioenfonds TNT Express

(see page 10). If the funding ratio of both pension funds

is insufficient, the value transfer may be postponed.

Value transfer

Is value transfer a good idea?

For more information about value transfer

when you join TNT, please read the brochure

’Value transfer upon entry into service’ at


More information

Do you have any questions after reading this brochure? Or would you like to know more? Then go to www.pensioentntexpress.nl, the website of the pension fund.

Give us a call at (050) 522 50 90 or e-mail us your questions and/or suggestions: [email protected].

You can reach us Monday to Friday, from 9 a.m. to 5 p.m.

Information about...Contact us for questions about your pension scheme

or to get information about the following topics:

• Thepensionregulations,theannualreportor

the financial statement

•Informationaboutthefundingratioofthepensionfund

•Theshortorlongtermrecoveryplan,ifapplicable

•Theapplicablecomplaintsprocedure

•Theadministrationagreementoradministrationregulations

•Calculationoftheimpactofexchange

•Thestatementoninvestmentprinciples

•Statementofentitlementsandattainable

pension payments;

• Informationontheappointmentofafinancialregulator

•Informationabouttheappointmentofanadministrator

•Valuetransfer.

Communicating changes to the pension fundIn several cases you are obliged to inform the pension

fund of changes in your situation. Please let us know if you:

•Aremovingabroadorwithinanothercountry

•AreincapacitatedforworkandyourIncapacityfor

work percentage changes.

You can use the forms on the website to inform us of

any changes. Please return forms by regular mail or by

email sent to [email protected].

’Inform us of changes by

mailing the completed form to

[email protected]’


Disclaimer

This brochure contains general information about the pension scheme of www.pensioentntexpress.nl. This brochure sets out

the pension regulations for TNT employees. Although we are committed to keeping information in the brochure updated, some

information may have changed since it was published. Pensioenfonds TNT Express cannot be held liable for any damage caused

due to any incorrect or out-of-date information in this brochure, or if the brochure is disseminated or used improperly. You can

only derive rights from the pension regulations applicable to you. For a copy of the regulations, please call (050) 522 50 90 or

download them from www.pensioentntexpress.nl.

Colophon

Published by

Stichting Pensioenfonds TNT Express

Correspondence address

PO Box 5149

9700 GC Groningen

Office

Europaweg 27, Groningen

Telephone (050) 522 50 90

Internet www.pensioentntexpress.nl

E-mail address [email protected]

August 2016

Would you like more information? www.pensioentntexpress.nl

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