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Under the new pension plan, your pension will move with developments in the financial markets. As a result, your pension benefit may increase or decrease in the future. This is called a variable pension. But what exactly does this mean, and what will you notice?
How will the transition to the new pension plan affect when you retire? Will you retire before or after the transition? This could have consequences. Use these four example members to see what this might mean for you and what you should keep in mind if you’re nearing retirement.
About the Step by step guide
In our Step-by-Step Guide to Retirement, you will learn what you need to arrange and when, as well as the choices you can make when you retire. Are you thinking about retiring? Follow the eight steps to prepare well for your retirement.