A PPI must offer employees sufficient guarantees and safeguards. AEGON PPI was therefore designed for security.
How do you build a pension?
The AEGON PPI is a comprehensive pension scheme where each member invests individually. You build up a pension by investing through your own investment account. Every month your employer pays an amount into your investment account - the defined contribution. The defined contribution is invested in one or more investment funds, depending on the investment method of your choice. You can read more about the investment methods here.
On your retirement date, you use the balance in the investment account to buy a lifelong pension. This pension provides you with an income on top of your AOW state pension (if applicable). The size of the pension depends on the balance in the investment account and the market interest rate for purchasing a pension at that time. You are free to purchase the pension from any insurer.
Security for your partner and children if you die
A full survivor pension is insured for you. If you die before retirement, this survivor pension is paid out to your survivors.
Your pension is secure if you become incapacitated for work
If you become incapacitated for work, AEGON either partly or wholly takes over the payment of the pension contributions, depending on the disability percentage.
Can I opt for a guaranteed pension?
Yes you can. You can opt to convert the investment balance into a guaranteed pension. Basically, this means that you already buy the pension that you are going to receive when you retire.
