Nederlands
If you work part-time, you accrue pension on a pro-rata basis. In that case, your pension accrual is calculated as follows:
Pensionable salary (on the basis of a full-time working week) x accrual percentage x part-time factor
Suppose you work full-time (40 hours) and are now going to work 32 hours. In that case, the part-time factor is 80%
| Accrual percentage (2021): | 1.47% |
| AOW deductible (2021): | € 15,484 |
| Number of years worked to date (full-time): | 20 |
| Number of years to pension date working 32 hours per week: | 20 |
| % Service years | FT-salary | AOW deductible | Pensionable salary | Pension accrual |
| 100% | € 60,000 | € 15,484 | = € 44,516 | 100% x 1.65% x € 44,516 = € 735 |
| 80% | € 60,000 | € 15,484 | = € 44,516 | 80% x 1.65% x € 44,516 = € 588 |
Assuming an unchanged salary and AOW deductible, your pension amounts to:
| 20 (years) x € 735 = | € 14,700 | |
| 20 (years) x € 588 = | € 11,760 | |
| ------------ | ||
| € 26,460 | gross per year |
Terminology:
AOW deductible:
that part of your salary which is not used for pension accrual, as you are already paid AOW through the government. The AOW deductible is the same for full-time and part-time employment contracts.
Pensionable salary:
the annual salary over which you can accrue a pension minus the AOW deductible.
Accrual percentage:
the percentage of your pensionable salary that you build up as a pension.