Part-time Pension
Part-time pension allows residents of Delft to reduce their working hours from a certain age while drawing a portion of their pension. This flexible option combines salary from employment with pension income, ideal for Delft residents phasing out gradually, such as employees at TU Delft or the Municipality of Delft.
Why choose part-time pension in Delft?
Many Delft residents seek a smooth transition to retirement. With part-time pension, you can shorten your workweek, for example from 40 to 20 hours, and receive pension payments for the hours freed up. This maintains your financial stability while giving you more time to enjoy Delft's urban atmosphere. This aligns with our guide on Stopping Work Early.
Legal basis for part-time pension
The scheme falls under the Pension Act (Pw), specifically Article 24 Pw for flexible benefits and Article 80 et seq. Pw for implementation by funds or insurers. Pension funds may offer this if provided for in the collective agreement or regulations, such as ABP for public sector employees in Delft. The Work and Security Act affects part-time arrangements. From 2023, the AOW age depends on life expectancy (see AOW Age). For disputes, contact the Legal Aid Desk Delft.
Eligibility for part-time pension in Delft
Delft residents qualify if they meet these requirements:
- Age: Typically from 55-60 or 5 years before retirement.
- Pension scheme: Available through employer or fund, e.g., at TU Delft or local businesses.
- Employment: Continues with reduced hours (at least 1 day/week).
- Employer consent: Required, unless covered by collective agreement.
- Health: No medical exam; age discrimination is prohibited (Equal Treatment Act).
Check specific rules with your fund or via the Legal Aid Desk Delft.
How to apply for part-time pension as a Delft resident?
Follow these steps:
- Gather information: Check mypensionoverview.nl for your overview.
- Consult employer: Discuss hour reduction at least 3 months in advance.
- Submit application: File with pension fund and employer using the correct form.
- Await approval: Employer decides within 1 month; pension follows.
- Amend contract: Sign new part-time contract.
In case of issues: Contact the Legal Aid Desk Delft for support.
Rights and obligations under part-time pension
Rights:
- Pro rata pension for non-worked hours.
- Continued accrual for worked hours.
- Protection against dismissal until pension date.
Obligations:
- Work the agreed hours.
- Pension is taxable.
- Possibly reduced partner benefits.
Returning to full-time is possible, but pension drawdown is not.
Practical examples of part-time pension in Delft
Example: Jan (58), TU Delft employee (collective agreement option from 57), reduces to 20 hours. Salary: €2,000 net, pension: €1,500. Total €3,500 vs. €4,000 full-time. Plus: time for Delft markets.
Example 2: Maria (62) at Municipality of Delft (ABP). She chooses 50% part-time. AOW later, but accrual continues. Downside: lower future benefits.
Comparison: Full-time vs. part-time pension
| Aspect | Full-time (40 hours) | Part-time Pension (20 hours) |
|---|---|---|
| Income | €4,000 net | €2,000 salary + €1,500 pension = €3,500 |
| Pension accrual | Full | 50% on worked hours |
| Free time | Normal | 50% extra |
| AOW impact | None | No direct impact |
| WW entitlement | Standard | Limited due to pension |
Frequently asked questions about part-time pension
Can every Delft resident get part-time pension?
No, it depends on collective agreement or regulations. Check with HR or via Legal Aid Desk Delft and mypensionoverview.nl.
Difference from part-time AOW?
Part-time pension is employer pension; part-time AOW is state AOW from AOW age with pro rata benefits.
Effect on unemployment benefits (WW) if dismissed?
Pension counts as income and limits WW (Art. 23 WW), sometimes considered attributable.
Repayment upon death?
No, but survivors' pension may be lower.
Tips for part-time pension in Delft
- Calculate it: Use your fund's tool for net effect.
- Seek advice: Free at Legal Aid Desk Delft on tax and finances (see also Pension Advice).
- Involve partner: Review impact on joint pension.
- Document everything: Put it all in writing in the contract.
- Local support: For collective agreement disputes: District Court of The Hague or Municipality of Delft.