If you get divorced, your pension will also be affected. This is because pensions are considered joint property. The lifetime old-age pension must therefore also be divided. This is regulated by law. By default, your ex-partner receives 50% of your lifetime old-age pension built up during the marital period. The partner's pension goes entirely to your ex-partner. You can also agree on a different division. If you report your divorce to Nedlloyd Pension Fund within two years, Nedlloyd Pension Fund will arrange payment to your ex-partner upon retirement. If you do not report anything, you must arrange the payment yourself.

Equalization

The law states that half of the old-age pension you accrued during the marriage or registered partnership goes to your ex-partner, unless arrangements were made in the divorce covenant at the time of the divorce. We call this equalization. Your ex-partner will receive the old-age pension when you retire and thus also receive the pension. 

Conversion

You can also request conversion. This means that the old-age pension and/or special partner's pension built up during your marriage or registered partnership will be converted into an independent old-age pension for you and an independent old-age pension for your ex-partner. The death of one then has no consequences for the pension of the other. Both parties, as well as the pension fund, must cooperate in conversion. Costs may be charged for this.

Special partner's pension

In the event of divorce, your ex-partner is (also) entitled to the partner's pension that has been accrued up to the end of the marriage, registered partnership or joint household. The part of the partner's pension to which your ex-partner is entitled is called a special partner's pension. If you die? Then the old-age pension stops, also for your ex-partner. Your ex-partner will receive the (special) partner's pension after your death.