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Taking retirement

Your pension at Bpf Koopvaardij normally commences at the age of 67. You will automatically receive a message from us approximately six months before your retirement inviting you to apply for your pension. But there are other choices you can make, such as taking early or later retirement. At My Koopvaardij, you can calculate the effect of the various pension choices on your pension. Which choice is appropriate for you depends on your personal situation.

Your pension options

At Bpf Koopvaardij, you have the following pension options. You can make these choices once-only before retiring after which you can no longer change them. Calculate the effect of your pension choices at My Koopvaardij or contact us.

Go to My Koopvaardij

Retiring earlier or later

If you wish to retire before the age of 67, you must submit a request to Bpf Koopvaardij at least six months before your desired pension commencement date. Early retirement has financial consequences:

  • your pension benefit will be lower. This is because you will be receiving your pension over a longer period;
  • your state pension may commence later than your early retirement pension. Your total pension will then temporarily be lower.

If you want to work longer and postpone your retirement, you will no longer pay any contribution after you reach the age of 67 and your pension build-up will stop. You may postpone your retirement until the age of seventy at the latest.

Later retirement means that your pension benefit will be higher. This is because you will be receiving your pension over a shorter period.


First a higher and then a lower pension or working while receiving a pension

You may also opt for a high-low occupational retirement pension. This means: a higher pension for an initial period and subsequently a lower pension. Your pension is therefore divided, within the set conditions, differently over the years. Because, for instance, you expect to need more money in the first few years of your retirement.

If you are not yet receiving your state pension in addition to your occupational retirement pension, this option may offer a solution. You will initially receive more pension up to your state pension age, after which you will receive less pension.

If you let your pension commence before the age of 67 and you continue to work for an employer in the merchant navy:

  • you will still be a member of the Bpf Koopvaardij pension fund. You build up pension and you pay a contribution. You employer will withhold this contribution from your salary and will pay it to Bpf Koopvaardij;
  • the pension build-up will stop when you reach the age of 67 or if you stop working before then. The extra built-up pension will be paid out when you reach the age of 67 or at the earlier time when you stop working.

Needless to say, you can continue to work after you reach the age of 67. But you will no longer be building up pension and will therefore no longer pay a contribution.

Extra occupational retirement or partner's pension by exchanging pension

Exchanging partner’s pension for extra occupational retirement pension
This is an option if you do not have a partner or if your partner has sufficient income or pension. You can make this choice shortly before you retire.

Do you not have a partner?
Indicate this on the application form for your occupational retirement pension. This is a confirmation that you wish to exchange the partner's pension for a higher occupational retirement pension for yourself. A confirmation at a civil-law notary is not required.

Do you have an ex-partner?
Remember that your ex-partner may be entitled to part of the partner's pension. For more information, go to You and your partner are separating.

Exchanging occupational retirement pension for extra partner's pension
This is possible shortly before you retire. This exchange means that your occupational retirement pension will be lower. On the other hand, your partner will receive a higher partner's pension when you die. These are the conditions:

  • you have sufficient occupational retirement pension for yourself. The new partner’s pension may be no more than 70% of your occupational retirement pension;
  • the partner’s pension, together with any special partner’s pension for your ex-partner, may be no more than 100% of your occupational retirement pension.

This pension choice is also possible as soon as you leave employment and you stop building up pension with us.


Applying for your pension at Bpf Koopvaardij

  1. Viewing your pension choices

    Consider your pension choices in good time. Go to the pension planner at My Koopvaardij. There you can easily calculate the amount of your pension according to the different choices. 

    If you also have pensions with other pension administrators or insurers, go to There you will also find the amount and commencement date of your Dutch state pension (AOW).

  2. Applying for your pension

    You will receive a message from us 6 months before your Dutch state pension age inviting you to apply for your pension. You can apply for your pension digitally via My Koopvaardij or with a form by post.

    You can indicate your pension choices when applying. If you opt for our standard pension proposal, your pension will commence at the age of 67. If you wish to take early retirement, please contact us yourself.

  3. After your application

    You will receive confirmation with the exact amounts within 3 weeks of your application. You will either retire or have your retirement postponed until a time of your choosing.

Net prepension

If you built up pension at Bpf Koopvaardij before 1 January 2015, you may have also built up net prepension. You can have this pension paid out between the ages of 62 and 67. Six months before you reach the age of 62, you will receive a letter from us setting out the possibilities. You will find the amount of your net prepension on your Net prepension overview that you receive annually.

Do you wish to know more?

Check out the infographic Taking retirement: your pension options.