How does the APG define pension benefit entitlements?

Your pension benefit entitlements are determined by:

  • your contributory bases
  • your account percentage and
  • your age on commencement of receipt of your pension
Your pension account
  • will be credited with the relevant partial entitlements
  • from which your overall entitlement will be determined
for the purposes of calculation of your pension benefits.

Pension reduction

If you claim your pension prior to your official retirement age, your pension will be reduced.

Pension increment

A pension increment will be paid on top of your pension benefits if you have paid voluntary contributions to acquire complementary insurance.

Pension corridor increment

If you claim your pension only after you have reached official retirement age, your pension will be incremented.

Special pension increment

Persons who remain in paid employment while in receipt of their retirement pension will receive a special pension increment for pension contributions paid from this income.

Your pension insurance provider will be happy to provide you with a pension forecast on request!