Implications for your pension accrual
The termination of a relationship affects many aspects of your life. You make decisions about who lives where, who gets what and maybe even about who gets custody of the children. In addition, you and your spouse must decide if and how you will divide your pension.
Two-year notification period
Is your retirement date still a long way off? Even if that is the case, we ask that you take action now. A request for dividing the pension must be made to AEGON by way of a special form (pdf). Have you made different arrangements with regard to dividing your pension? If so, both you and your former spouse will need to sign the form.
If your former spouse seeks to claim half of your pension within the two-year period, AEGON is legally required to cooperate. As of your retirement date, AEGON will pay part of the pension to you and part to your former spouse.
After this two-year period, your former partner is still entitled to a portion of your pension, but he or she must claim it directly from you after your retirement. We will transfer the entirety of the pension to you as of your retirement date and you and your former spouse must divide it amongst yourselves.
- Claims for former partner's pension must be filed within two years
- Send the form to AEGON within two years
- Also think about your pension with other pension providers
The retirement pension you have built up and received upon reaching pensionable age is divided between you and your former partner (depending on the arrangements made). This concerns the retirement pension you have built up over the course of your marriage or civil partnership until the divorce.
If you remarry or enter into a new civil partnership, this will have no bearing on the division of the retirement pension. This pension was built up over the time that you were in a relationship with your former partner. In other words, your former partner will not receive less pension after you remarry or enter into a new civil partnership.
In the pension statement you can see how much retirement pension you have built up with AEGON.
- See the pension statement
The partner's pension you have accrued up to the moment of your separation will be paid out to your former partner after your death. The partner's pension for a former partner is called the 'special partner's pension'. To determine the date up to which the partner's pension has been built up, the dissolution of the marriage or termination of the civil partnership must be registered with the Register Office. Only then can the division of the special partner's pension be arranged. A legal separation is not enough, as it is not the same as a divorce or dissolution. If the partner's pension in your pension plan is insured on a risk basis, it does not give your former partner any right to the special partner's pension.
In the pension statement, you can see whether and how much partner's pension you have built up with AEGON.
A new partner
Does your pension plan provide for a partner's pension for your partner? If so, then your new partner is also entitled to the partner's pension after your death. Accrual for this begins after termination of your previous relationship and ceases when your new relationship ends or when you retire. The level of the partner's pension remains the same at all times. If you have more than one former partner, then each partner is entitled to a share of the partner's pension.
- See the pension statement