Having a baby: how does it affect your pension?

Are you expecting to expand your family soon or do you have children? If you are expecting to expand your family in the foreseeable future, it’s useful to know that many pension schemes automatically provide for an orphan’s pension. This page tells you more about it.

If you have children, they are often co-insured through an orphan’s pension. This is a benefit that children receive when one of their parents passes away.

Orphan’s pension

The amount of the orphan’s pension depends on your salary, the number of years you worked for your employer and your age. Children receive the orphan’s pension up to a set age, which is specified in your pension scheme. 

To find out which arrangements are in place for your children in case you pass away, please visit your personal pension page.

No need to register your children

Good to know: at BeFrank, you do not need to register your children for the orphan’s pension. That’s because we do not check whether there are any surviving dependants until you pass away. We call this the ‘undetermined partner system’.

If you leave your job

You leaving your job will affect your pension insurance. This depends on whether your pension scheme complies with the old or new pension law.

Under the old Pensions Act.
This pension insurance stops when you leave your job. Your children may then no longer be entitled to an orphan’s pension when you pass away.

Under the new Pensions Act
Under the new Pensions Act, you remain insured for 3 or 6 months by default when you leave your job. After this period, you can choose whether you want to keep this insurance. That may be subject to additional conditions. You can find more information about this on your personal pension page.

For more information on the orphan’s pension, see Passing away: how will it affect your pension.