From 1 January 2026, Bpf Koopvaardij plans to switch to a new pension scheme. We expect this switch to be beneficial for most members. Nevertheless, the switch may not work out as well for some members. They will therefore receive an additional one-off amount from us in their pension capital. We call this compensation. With this amount, we are trying to eliminate the adverse effects as much as possible.
When am I entitled to compensation?
You will be compensated if on 31 December 2025:
- you are at least 34 and younger than 67, and you work in the merchant shipping sector. or;
- you are at least 34 and younger than 67, are fully or partially occupationally disabled and are entitled to a non-contributory pension build-up.
How much compensation will I receive?
The amount of compensation depends on your age. We unfortunately cannot calculate your compensation at present. Many figures will not be known until we move to the new pension scheme. For example, your pensionable earnings for 2025 and the interest rate on 31 December 2025. (Pensionable earnings are the part of your salary on which you build up pension).
However, you will receive a preliminary calculation letter from us in autumn 2025. This will include an estimate of the amounts for your pension from 1 January 2026. You will also see in this document whether you are entitled to compensation and the estimated amount of that compensation.
If you are entitled to compensation, whether you receive the full amount depends on the funding ratio of Bpf Koopvaardij. If the funding ratio high enough, you will receive the full compensation amount. If the funding ratio not high enough, you will receive part of the amount.
Will my pension increase after compensation?
If you receive compensation, your pension will not automatically increase. Compensation helps, but the amount of your pension also depends on:
- the interest rate at the time you retire;
- the fund's investment performance, and;
- how many years you have built up pension with Bpf Koopvaardij.
How do we pay the compensation?
We pay the compensation from our fund assets and add it to your pension assets.
Do you wish to know more?
You can read more about our new pension scheme at New pension system. Do you have any questions? If so, we will be happy to assist you. Please feel free to contact us.