To estimate what your pension capital can yield in terms of expected pension, De Nederlandsche Bank (DNB) calculates how the economy will develop over time. DNB uses 2,000 scenarios for this purpose. We call this the Uniform Calculation Methodology (UCM).
We take into account the development of equity returns, interest rate developments and price increases. DNB provides these calculations. We call this the Uniform Calculation Methodology (UCM). All pension administrators in the Netherlands have been working with this since 1 October 2019.
Why do we use this calculation method?
The use of the calculation method has been mandatory for the expected pension amount on mijnpensioenoverzicht.nl and the Uniform Pension Overview (UPO) since 2019. We also use this calculation method on your personal pension page. This way the amounts match.
DNB publishes the calculations at the beginning of each quarter. We then process them and recalculate your expected pension.
Adjustments in November 2023
You can see your expected pension on your personal pension page. We calculate this using data from the DNB. Data in the fourth quarter of 2023 will adjust your expected pension. The adjustment will depend on your age:
- Are you between 30 and 60 years old? Then your expected pension benefits will likely be lower. This is mainly because equity earnings are expected to be lower.
- Is your retirement date within one year? Then your expected pension benefits will likely be slightly higher. That’s because the interest rate at which you buy your pension has gone up.
- For all ages, we see that the good weather and bad weather scenarios are getting closer together.
Please note that this relates to your expected pension benefits. Your accrued pension capital has not been adjusted due to the DNB data update. The calculation may turn out differently for everyone.
View your expected pension benefits
You can see your expected pension benefits on your personal pension page. You can also find more information about the calculations there. To do this, click on the question mark icon to the right of your pension indication. Use your indication to estimate whether you will have enough income later. Our income planner can help you with this.