If you agree with your employer to extend your employment contract beyond the reference age (65), you can choose to defer your pension. By choosing this option, you are postponing your retirement until the definitive termination of your employment contract - up to the age of 70 at the latest.
If you agree with your employer to extend your employment contract beyond the reference age (65), you can choose to defer your pension. By choosing this option, you are postponing your retirement until the definitive termination of your employment contract - up to the age of 70 at the latest.
When you defer your pension, you can choose whether you want to continue paying contributions in your previously selected savings variant or whether you no longer want to pay contributions. In this case, your existing savings capital will continue to earn interest. It is no longer possible to change the savings variant during the pension deferral. However, you can always decide to stop paying contributions. Once you have decided to stop paying contributions, it is no longer possible to pay contributions again at a later date.
Your existing retirement capital continues to earn interest during this period. You are free to choose your retirement - with pension or lump-sum withdrawal - at any time. The conversion rate will increase continuously. You must choose your definitive retirement at the latest when your employment contract ends. The limit is 70 years of age.
Note 1
By deferring my pension, I have still the option to continue paying into the pension fund, thereby saving taxes and increasing my future pension.