Questions if you are already retired

Are you already retired? And do you have any questions about the new pension scheme? Read the answers to frequently asked questions:

What will happen to my pension?

You will now receive a monthly pension benefit from StiPP. This is a fixed amount for as long as you live. At the start of the new pension scheme, your pension benefit will be converted into a variable benefit. This means that your benefit will be recalculated annually. In doing so, we take into account the return on your pension assets and the interest rates used to determine the purchase of the benefit. As a result, your pension may increase or decrease each year. StiPP has a reserve for the distribution phase. This reserve is used to prevent reductions in pension benefits.

How often will the amount of my pension be adjusted?

StiPP will adjust the pensions once a year. We will let you know each year how much pension you can expect.

What if I do not want to receive a variable benefit from StiPP?

Unfortunately, this is not a choice for you. Your pension benefit is automatically converted into a variable benefit.

Can I view my personal pension situation?

Yes, you always have insight into your pension or benefit via My StiPP Pension . That remains the case. If you are retired and have insured a partner's pension, you will also see the amount.

What happens to my pension if I die?

If you die after your retirement date, your pension will stop. Your partner and/or children, if any, may then receive a survivor's benefit. The rules for the partner's pension after the retirement date will not change. There will be a fixed final age of 25 years for the payment of the orphan's pension. At StiPP, this is now 18 years. The new pension scheme therefore offers financial support for children for a longer period of time in the event of your death.