this post was submitted on 22 Jan 2025
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[โ€“] Drigo@sopuli.xyz 3 points 3 days ago (1 children)

I work for a big company, and moved my pension. And I can invest it, in almost whatever I want. And because the yearly fee for the funds i choose is less than what my company payed before. I get payed the difference, which is nice.

[โ€“] Vincent@feddit.nl 3 points 3 days ago (2 children)

Cool! So how do you do that? If I go to e.g. the ABP site, I see no way to sign up. (Both ABP and BPF Bouw are sector-specifc too, I suppose, maybe that's the issue? But looking at a more generic pension provider, they mention either being part of HR, or self-employed...)

[โ€“] Drigo@sopuli.xyz 3 points 3 days ago (1 children)

Well I live in Norway, I guess not every county are able to move it freely?

[โ€“] Vincent@feddit.nl 4 points 2 days ago (1 children)

Oh OK, yeah when I said "we", I meant Dutch people - as far as I know Dutch people aren't able to choose our own pension funds.

[โ€“] Drigo@sopuli.xyz 3 points 2 days ago (1 children)

Ah fair fair, I see that now, sorry for giving you false hope haha

[โ€“] Vincent@feddit.nl 1 points 21 hours ago

Haha no worries

[โ€“] johannes@lemmy.jhjacobs.nl 2 points 3 days ago (1 children)

Our company doesnt "meddle" in staff's pensions. The idea is that i know better what fits me then my boss does.

Next Monday i have talks about my pension, so i can tell you then ;-)

[โ€“] Vincent@feddit.nl 2 points 2 days ago (1 children)

Ha, does that mean they simply don't give you a pension? Or is it the case that you pick one and they handle it?

But yeah, sounds like it's specific to your company, unfortunately.

[โ€“] johannes@lemmy.jhjacobs.nl 1 points 2 days ago (1 children)

No it means the money for my pension is added to my salary. Same goes for ehh... "Holiday money". Normally the company saves a small part of your salary to pay out once a year. Usually end May i believe.

So in my case, my monthly income is much higher, but it means i have to save it myself. Same goes for my pension. Instead of my employer paying the pension funds, i have to do it myself.

[โ€“] Vincent@feddit.nl 2 points 21 hours ago (1 children)

Ha I mean, that situation is indistinguishable from one where you don't get a pension and your salary is the same, but sure :P

You do miss out on the tax benefits that employer-provided pensions give you, but in many cases that's a fine trade-off.

Still, the actual point I wanted to make (but didn't) stands: most of us can't really switch our pension funds, which is a bit of a shame, because it means we can't "vote with our wallet" for a pretty significant chunk of our wallet :( If my pension fund decides to invest in cluster bombs, I'm investing in cluster bombs...

[โ€“] johannes@lemmy.jhjacobs.nl 2 points 19 hours ago

Thats exactly why i dont have employer based pension funds. Because i prefer not to invest in bombs, but maybe my collegue wants to.

Its the first time i work for a company that works this way so its all new and exciting still :)