Will your pension remain with SSPF?
If you still have a pension with SSPF on 1 January 2027, your accrued pension will be transferred to the new scheme.
Have you transferred your pension in full to another pension administrator before that date? If so, you will no longer have a pension with SSPF and will not be part of the transition to the new scheme.
How does leaving employment affect the compensation?
The compensation scheme is intended for participants who are in active service and will be disadvantaged in terms of future pension accrual under the new pension scheme.
You can find more information about the compensation scheme in the frequently asked questions.
How does leaving employment affect the buffer distribution?
When it transitions to the new scheme, SSPF will not be required to maintain as many reserves (buffer). Part of the buffer will be added, as part of the transition, to the pensions of participants who still have a pension with SSPF on the transition date. If you have transferred your pension in full to another pension administrator before that date, you will not receive any share of this buffer distribution.
How does leaving the company affect the survivor’s pension?
If you leave employment before the new scheme comes into effect, the pension you have accrued up to that point will remain with SSPF. The accrued partner’s pension will also be retained.
Following the transition to the new scheme, active participants will have a risk-based partner’s pension in addition to the partner’s pension they have accrued. If you leave employment, the cover for this risk-based partner’s pension will continue for a further three months. After that, this cover will cease. However, you may choose to continue it on a voluntary basis.
Would you like to know more about the survivor’s pension and what this means for your situation? Please read more on the page about the survivor’s pension.
Do you wish to transfer your SSPF pension before 1 January 2027?
This is possible, but only if we have received final approval from your new pension administrator by 1 November 2026.
You must apply to your new administrator to transfer your pension. They will assess whether a transfer is possible and calculate how much pension you will receive from them. If you agree with this, then you and your partner, if any, will sign the statement of agreement and return it to your new administrator. They will then contact us. If we receive the statement of agreement after 1 November 2026, we will only be able to restart your application after the transition, as soon as this is possible. You should therefore start your application in good time, as there are several steps involved between submitting your application and giving your agreement.
After 1 January 2027, it will not always be possible to transfer your pension immediately
Would you like to transfer your SSPF pension after 1 January 2027? This is possible, but only if your new pension administrator has already adapted its scheme to the new statutory rules. If this adaptation has not yet been completed but is planned, you will only be able to transfer your pension once the new administrator has finalised this. Once we have assessed your application, we will let you know whether you can transfer your pension immediately.