A UPO stands for Uniform Pension Overview and gives you an update about your pension every year. You will of course only receive this overview if you participate in a pension scheme. On the overview you can check what amount you can expect when you retire or if you become incapacitated for work, for example. Have you accrued pension with multiple employers? Then you will also receive multiple UPS.
A UPO consists of a number of fixed components. In the UPO you see:
- How much money you have already saved for when you retire;
- How much this amount will be if you continue to save on the same basis;
- About which parts of your income you accrue pension;
Your factor A, which you can use to calculate your annual margin for annuity insurance