Go to for your overall pension, including any pension you accrued via previous employers.

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1 29 January 2017 What do you receive as part of our pension scheme? Retirement pension You are accruing a lifelong retirement pension with us. As standard you will start receiving a pension benefit when you reach the age of 67. You can also opt for early retirement, from the age of 60 at the earliest. Pension payments stop when you pass away How much pension will you receive? This depends mainly on your salary and the number of years you have accrued pension. The amount of your retirement pension is stated on your Uniform Pension Statement (UPS). We will send you the UPS once every year and you can also find it on your personal page, My pension. Go to for your overall pension, including any pension you accrued via previous employers. Your pension is supplementary to AOW, which is the state pension you receive from the government from your AOW age. Go to for the amounts and commencement date. Please note! If your pension benefit is less than per year, we may commute it on your retirement date, and pay you a lump sum instead of a monthly benefit. Partner pension and orphan's pension The amounts of the partner pension and the orphan s pension are linked, in the years you accrue pension, to your retirement pension to be achieved. Partner pension Should you pass away during employment we will assume the retirement pension you could have achieved until your retirement date. The partner pension is 70% of the pension to be achieved. The accrual of the partner pension stops when you leave the company or retire. If you leave the company, your partner will receive a partner pension only over the period you took part in the pension fund. If you retire, you can exchange (a part of) your partner pension for additional retirement pension. Please note! Did you accrue early retirement pension before 2006 and are you a participant in the 67 scheme? Then the partner pension may be lower than 70% due to changes to the pension scheme in the past. Temporary partner pension As long as you accrue pension, a supplement to the partner pension is automatically insured. This is called the temporary partner pension. If you pass away during employment, your partner will receive this temporary partner pension until he/she reaches state pension age. Instead of 70% your partner will receive 84% of the retirement pension to be achieved. This insurance expires when your participation in the pension scheme ends. A partner is the person: to whom you are married, or with whom you are in a registered partnership;

2 Please note! with whom you have a long-term joint household and have signed a notarial cohabitation agreement. Moreover: You and your partner are not related by blood or marriage in the direct line. You and your partner have been registered with the municipality at the same address for at least six months. Your marriage, registered partnership or cohabitation agreement must have taken effect before the commencement of your pension. Are you getting a divorce or are you no longer cohabiting? This will have consequences for the partner pension. Your decease must always be registered in the Register of Births, Deaths and Marriages of your municipality. The municipality will automatically notify us, and we will contact your surviving dependents. Your employer has taken out a compulsory life insurance policy with Ellips. More information about this is available at the HR Plein on the Jacobs Douwe Egberts intranet. Anw benefit If you pass away, your partner may also receive Anw benefits from the government if he or she has not yet reached AOW age and: has a child under the age of 18, or is incapacitated for work for more than 45% The amount of the Anw benefit for your partner depends on his or her income. Orphan s pension Should your pass away during employment the orphan's pension is related to the pension you could have accrued until your retirement age. The orphan s pension amounts to 20% of the partner pension to be achieved. Children who lose both parents receive twice that amount. Your children receive the orphan's pension until they turn 18 or, if they are studying, until they turn 27 if they meet the criteria of the Student Finance Act and General Child Benefit Act. Surviving dependents pension on your UPS The amount of your retirement pension is stated on your Uniform Pension Statement (UPS). We send you the UPS once every year and you can also find it on your personal page, My pension. Go to for your overall pension, including any pension you accrued via previous employers. This website, however, is only available in Dutch. Pension accrual on incapacity for work If you become incapacitated for work in part or in full in accordance with the Work and Income Act (WIA), you may be entitled to a full or partial continuation of your pension accrual. You continue to pay your contribution as usual. Also, if you then leave the company, accrual of pension will continue either in full or in part, depending on the degree of incapacity for work. Please note: if after you leave the company your disability percentage increases, the contribution we pay towards your pension does not. What if your situation improves or deteriorates? If your condition improves, your disability percentage may go down. We will pay less contribution if that happens. On the other hand, we will pay more contribution towards your pension if your disability percentage increases, providing you are still with the company. Supplementary disability pension via your employer You are not insured for supplementary disability pension with us. Your employer has taken out insurance for this and offers you the possibility to participate in it. More information about this can be found in your collective labour agreement, your employment agreement or at the HR Plein on the Jacobs Douwe Egberts intranet.

3 Want to know more? Would you like more information? Then read: the brochures, the pension regulations, the administration agreement, the statement on investment principles, the annual report and the recovery plan the uitvoeringskosten (only available in Dutch) the pensioenvergelijker (only available in Dutch) What will you not receive as part of our pension scheme? No disability pension If you become incapacitated for work, you will not receive a (supplementary) disability pension from us. A disability pension insurance has been taken out with Centraal Beheer Achmea via your employer. More information about this is available at the HR Plein at the HR Plein on the Jacobs Douwe Egberts intranet. How do you accrue pension? You accrue pension in three different ways A. AOW AOW is the pension you receive from the government. Everyone who works or lives in the Netherlands and who is registered in the municipality's Key Register of Persons is automatically insured for this. You receive a full AOW if you have always been insured for the 50 years prior to your AOW age. You did not always live or work in the Netherlands? Or you have (temporarily) not been registered? Then your AOW may turn out to be lower. The AOW age is not the same for everyone, and the amounts are adjusted each year. Go to for the amounts and commencement date. B. Pension accrued via work You accrue pension with us via the average pay scheme. The amount of your pension and that for your surviving dependents is shown on your Uniform Pension Statement (UPS). We send you the UPS once every year and you can also find it on your personal page, My pension. Go to for your overall pension, including any pension you accrued via previous employers. C. Pension you arrange yourself You can also save for additional pension. For example by means of an annuity or bank savings, or if you own a house, by redeeming your mortgage before your retirement date. Average pay scheme In the average pay scheme you accrue pension over your pensionable base on an annual basis. The pensionable base is your pensionable salary minus the offset (the part of your salary over which you do not accrue pension). You will receive a benefit based on the average salary you earn during your participation in our pension scheme. Maximum salary

4 You accrue pension with us over your gross salary up to 101,519. This is the legally stipulated maximum salary over which pension may be accrued. Accrual percentage Every year that you are employed with your employer, you accrue a part of your pension over the pensionable base. The accrual percentage is 1.875% of the pensionable base. Added together, these parts make up your pension. The pensionable base is your pensionable salary minus the offset (the part of your salary over which you do not accrue pension). The offset is set at 13,662. Do you work part-time? Then your salary is lower. If your salary is lower, you accrue less pension and your contribution is also lower. You and your employer both pay towards your pension A contribution towards your pension is deducted from your salary every month. Your employer pays the remainder of the contribution to the pension fund. The pension fund manages the payments it receives and makes sure you are paid a fixed amount every month from the moment you retire. Your collective labour agreement specifies your employee contribution. Should the circumstances at Jacobs Douwe Egberts change drastically, for instance in the event of a (threatening) bankruptcy? Then the company may decide to pay less or no employer contribution and you will accrue less pension. What choices do you have? Value transfer If you have already accrued pension elsewhere, you can bring your pension along with you. This is called value transfer. Value transfer is convenient as it prevents fragmentation of your pension assets. However, it has to be worth it. This depends on the differences between the pension schemes, among other things. How to apply You can request an offer for value transfer from us without obligation. Use the Value Transfer Application form for this purpose. We will arrange for the transfer only after you have agreed to the offer. Changing jobs? Will you be changing jobs? Then you can take your accrued pension with you to your new pension fund or insurer. You can apply for value transfer with your new pension fund or insurer. Policy funding ratio If you are considering value transfer, the financial situation of the pension fund is important. The reason is that we are only allowed to cooperate in a value transfer if our policy funding ratio exceeds 100%. The policy funding ratio of the other pension fund must also be at least 100%. If this is not the case, you may apply for value transfer, but we will not take action yet. Your accrued pension will remain with your old pension fund until the policy funding ratio is 100% or higher, and we will let you know when that happens. If you have any questions about value transfer, contact our Pension desk. Exchanging retirement pension for partner pension In our current pension scheme the annual accrual of partner pension amounts to 70% of the retirement pension you accrue annually.

5 This was not always the case. Did you accrue early retirement pension before 2006 and are you a participant in the 67 scheme? Then your overall (special) partner pension may be less than 70% of the retirement pension. If so you may exchange part of your retirement pension for additional partner pension. This will mean you receive a lower retirement pension. You have this option when you retire or stop working. Once your pension has commenced you cannot undo this. Exchanging partner pension for retirement pension On your retirement date you may exchange (part of) the partner pension for additional retirement pension. Your pension will be higher and your partner will receive less or no partner pension. This may be interesting if you have no partner or if your partner has a good income or pension. This option does require your partner's written consent. If you take this option, you cannot undo it. What does this mean for you? If you want to know the consequences for your financial situation, go to the pension dashboard for a personal calculation. Early or partial retirement Your pension commences when you reach age 67, but you may decide to take full retirement at 60, or to take partial retirement. For example, you may elect to take retirement for 20% of your employment and to continue to work for 80%. Once this arrangement has been set in motion you may adjust the percentage once, as long as you continue to work for at least 50%. You accrue pension over the days you continue to work. Once you have taken (partial) retirement you cannot reverse this decision. Please note that taking early or partial retirement means you will have a lower income and accrue less pension. Moreover, your pension has to be paid over a longer period and will be (considerably) lower per year. The retirement pension is paid from your retirement date until the end of the month in which you pass away. In addition you will receive AOW (state retirement pension) from your state pension age. Retiring before your state pension age? Retiring before your state pension age? Then you will receive your early retirement pension but no state retirement pension benefit as yet. You can bridge this temporary income difference by purchasing the 'AOW gap' when taking full retirement. This involves exchanging part of your retirement pension for a temporary retirement pension up to your state pension age. Please note that your retirement pension will be lower after your state pension age. What does this mean for you? If you want to know the consequences for your financial situation, go to the pension dashboard for a personal calculation. Higher or lower pension You may decide to start with a higher pension and receiver a lower pension later. This could be appealing if you have plans shortly after retirement that cost a lot of money. You have this option if you take full retirement, subject to the following conditions: the high pension benefit is 133% of the lower benefit; the lower pension benefit is 75% of the high benefit; Once you have decided to take the higher-lower option you cannot reverse this decision. If you want to know the consequences for your financial situation, go to the pension dashboard for a personal calculation. Pension comparison

6 This way the Pensioenvergelijker will help you make a choice for value transfer.

7 How secure is your pension? What are the risks? The accrual and payment of pensions cover a very long period of time. There may be as much as 80 years between the start of the accrual and the final pension payment. The world changes during such a period. This means that risks may arise for your pension and they may lead to a pension shortfall. We try to prepare ourselves for those risks as best we can. This did not always go well in the past, for example because life expectancy increased faster than we had anticipated. Life expectancy The average age of people in the Netherlands is increasing. The longer you live, the more pension we have to pay to you. As the average age goes up, we need more funds to meet our pension commitments. Perhaps more than we had. Interest rate Interest has an impact on pensions. The lower the interest, the more money we have to have 'in cash' to be able to pay all pensions in future. This means that long-term low interest rates make pensions 'more expensive', perhaps more expensive than we had anticipated. Investments We invest the contributions of all of our members, but investment results may be disappointing. That is why we invest in several different ways. Sometimes the profit on one investment makes up for the loss on another. Although we can hedge these investment risks, that is not without cost. There are other risks we need to take into account in order to protect your pension in the best possible way. We need to literally 'manage' these risks. You can read more about our risk management in our annual report. Index-linked pension Index-linked pension Because of inflation, your money loses value each year (inflation). The same amount will buy you less, and your accrued pension with Douwe Egberts Pensioenfonds will decrease in value. In order to prevent this we aim to increase the pensions every year. This is decided by the pension fund board, inter alia on the basis of the policy funding ratio. We have a 'deposit' available to increase the pension entitlements of active participants. It is called the Indexation Reserve for Active Participants. It is the fund's ambition to increase pension entitlements of these participants in line with the wages until Increase During the past years, we increased the pensions for our members in the following manner: Indexation Price increase % 1.00% % 2.50% % 2.50% % 2.30% % 1.30% % 1.20% % 2.50% % 1.60% % 1.20% % 1.70% Shortfall

8 Despite all precautionary measures, a situation may occur in which we do not have enough money to pay all pensions in the long term. Something will have to be done. It is our duty to consider as carefully as possible what would be the best solution: to raise the contribution, to reject indexation or reduce pension accrual. We can also opt for a combination of measures or make other choices. In extreme cases we may decide to reduce the pension you have accrued. This is decided by the pension fund board, inter alia on the basis of the policy funding ratio. What costs do we incur? Costs Douwe Egberts Pensioenfonds incurs costs when administering the pension scheme. Examples include administrative costs, making pension payments and contributions. We also incur costs related to communication, such as letters, the Uniform Pension Statement (UPS) and the website. The management and investment of contributions also cost money. We pay for the purchase and sale of shares of shares, for example. When should you take action? If you change jobs If you have already accrued pension elsewhere, you can bring your pension along with you. This is called value transfer. Value transfer is convenient as it prevents fragmentation of your pension assets. However, it has to be worth it. This depends on the differences between the pension schemes, among other things. How to apply You can request an offer for a value transfer from us without obligation. Use the Value Transfer Application form (only available in Dutch) for this purpose. We will arrange for the transfer only after you have agreed to the offer. Changing jobs? Will you be changing jobs? Then you can take your accrued pension with you to your new pension fund or insurer. You can apply for value transfer with your new pension fund or insurer. Policy funding ratio If you are considering value transfer, the financial situation of the pension fund is important. The reason is that we are only allowed to cooperate in a value transfer if our policy funding ratio exceeds 100%. The policy funding ratio of the other pension fund must also be at least 100%. If this is not the case, you may apply for value transfer, but we will not take action yet. Your accrued pension will remain with your old pension fund until the policy funding ratio is 100% or higher, and we will let you know when that happens. If you have any questions about value transfer, contact our Pension Desk. If you become incapacitated for work If you become incapacitated for work in part or in full in accordance with the Work and Income Act (WIA), you may be entitled to a full or partial continuation of your pension accrual. You continue to pay your contribution as usual. Also, if you then leave the company, accrual of pension will continue either in full or in part, depending on the degree of incapacity for work. What if your situation improves or deteriorates? If your condition improves, your disability percentage may go down. We will pay less contribution if that happens. On the other hand, we will pay more contribution towards your pension if your

9 disability percentage increases. Supplementary disability pension via your employer You are not insured for supplementary disability pension with us. Your employer has taken out insurance for this and offers you the possibility to participate in it. More information about this can be found in your collective labour agreement, your employment agreement or at the HR Plein on the Jacobs Douwe Egberts intranet If you get married or conclude a registered partnership Are you getting married or concluding a registered partnership? And do you live in the Netherlands? We will be notified by the municipality. This means that you will not be required to register your partner. If you live abroad, you will need to register your partner with us. If you decide to cohabit, you do not need to register your partner with us. Only if you retire or decease will we ask you or your partner to send us a copy of your cohabitation agreement. Find out what influence your marriage, registered partnership or cohabitation agreement may have on the partner pension. If you separate Are you divorcing or terminating your registered partnership? Then you should take the following into account. You are not required to notify us of your divorce or the termination of your registered partnership. The municipality automatically notifies us. Your ex-partner receives half of the retirement pension you accrued during the course of your marriage or registered partnership. This is called 'equalisation'. Your ex-partner receives this when you retire. Your ex-partner also receives the partner pension you have accrued from the moment you became a participant in the pension scheme until the date of the divorce. We refer to this as 'special partner pension'. Your ex-partner receives this when you pass away. Should your ex-partner pass away, the retirement and partner pension reverts to you. Your ex-partner can convert his or her share of your retirement pension into retirement pension for him or herself. This also applies to regular and special partner pension. In such cases your ex-partner is no longer dependent from the moment the benefits commence, which is your retirement age and/or the time of your decease. You do have to consent to this. Once you have given your consent, you cannot revoke it. You will no longer be entitled to this retirement pension and regular or special partner pension if your ex-partner predeceases you. It is important that when you divorce you and your ex partner make arrangements about your retirement pension. If your divorce has been officially registered with the Register of Births, Deaths, Marriages and Registered Partnerships you need to let us know within two years what you have agreed. You should use the Division of retirement pension upon divorce form for this purpose. We will then make sure that your ex-partner receives the agreed amount directly once you retire. You will have to arrange for this settlement if we do not receive this form. We will pay the special partner pension to your partner. Are you separating and have you concluded a notarial cohabitation agreement? Then you should take the following into account. Your partner is not automatically entitled to half of your retirement pension or the partner pension. You may agree in mutual consultation that the pension is divided in the same ways as we do for ex-spouses (see above). If this is what you want, please contact us. Alternative arrangements If you wish to make different arrangements, please contact us first. We can then assess what is possible or allowed.

10 If you are moving abroad If you are moving you are not required to notify us. The municipality automatically notifies us of your new address. You do need to make sure, of course, that you notify the municipality of your change of address. Foreign address Do you live outside the Netherlands? Or are you living abroad and moving to another country? Then let us know via the Change of address abroad form. If you are taking leave There are several types of paid and unpaid leave that may affect your pension accrual. Examples include parental leave and unpaid leave. Parental leave If you are having a child, you may take parental leave. You will temporarily be working less while continuing to accrue retirement and partner pension at the usual level. Unpaid leave You may take unpaid leave. This means that your employment continues but you are not paid any salary. During unpaid leave you do not participate in our pension scheme, and you do not accrue any pension. If you want to continue accruing retirement and partner pension after all, however, you may do so. In that case, you are liable for the full payment of the pension contributions to your employer. You can ask HR Services for a calculation of the various contributions. Other types of leave It depends on the collective labour agreement whether or not your pension accrual continues during other types of unpaid leave. Legislation in this respect is still changing. Your employer can tell you which rules apply.

11 Powered by TCPDF ( If you (temporarily) work less If you work less, your salary is adjusted and you accrue less pension. This applies to your retirement pension as well as the partner pension. The transition from full-time to part-time employment does not affect the pension you have already accrued. The amount of your pension contribution is adjusted automatically - you do not need to take any action. If you are having children Your children are connected to your pension in several ways. For instance, when a child is born you may take parental leave and if you pass away your child is entitled to an orphan's pension. Registering your child Having a child does not change your accrual of pension, so you do not need to notify us of the birth of your child. mijnpensioenoverzicht.nl If you want to know how much pension you have accrued, go to Any questions? If you have any questions, or if you would like to select one of the options, please contact our Pension Desk by calling +31 (0) or send an to depensioenfonds@tkppensioen.nl.