![\"\"](\"https:\/\/vwg.nl\/wp-content\/uploads\/20190916-ODV.jpg\")
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A retirement benefit obligation (ODV) works differently from a pension entitlement, even if the person entitled to the benefits dies.<\/p>\n
When a pensioner dies, the surviving dependants named in the pension statement receive a widow\u2019s\/widower\u2019s or orphan\u2019s benefit. The basic principle is that the pensioner\u2019s partner receives a benefit amounting to 70% of the pension entitlements accrued by the pensioner. In most cases, this benefit is paid for life.<\/p>\n
Unfortunately, in modern pension schemes, the 70% described above is often far from being met. In fact, there may be no survivor\u2019s benefit at all. It is therefore important to keep a close eye on this.<\/p>\n
If a survivor\u2019s benefit is payable, it must commence immediately following the death of the pension holder. It is usually fairly straightforward to determine who is entitled to a survivor\u2019s benefit. After all, this is set out in the pension statement or other records of pension entitlements.<\/p>\n
When a person entitled to a retirement benefit (ODV) dies, the entitlement must be paid to one (or more) heir(s) of that person. If the beneficiary dies before payments from the ODV have commenced, payments to the heir or heirs must commence within 12 months of the death. However, if the beneficiary was already receiving payments from the ODV, these payments must commence immediately following the death.<\/p>\n
However, it is by no means always straightforward to determine who the heirs are. This may, for example, require some investigation, and heirs may renounce the estate (or accept it under benefit of inventory). With this in mind, the Tax and Customs Administration has approved, in a question-and-answer decision, that the payment of survivors\u2019 benefits from an ODV be suspended until such time as the heirs are known. Immediately thereafter, any instalments that have already fallen due must be paid out in a single lump sum.<\/p>\n
The conversion of pension entitlements held in-house into an ODV means it is advisable to make arrangements in advance in the event of the death of the person entitled to the ODV. Their will can be used to determine who the heir is. In addition, it is possible to specify who will inherit the payments from the ODV.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Een oudedagsverplichting (ODV) werkt anders dan een pensioenaanspraak, ook wanneer de gerechtigde tot de uitkeringen komt te overlijden. Nabestaandenpensioen Wanneer een pensioengerechtigde overlijdt, ontvangen de in de pensioenbrief genoemde nabestaanden een weduwen-\/weduwnaars- of een wezenuitkering. Uitgangspunt is dat de partner van de pensioengerechtigde een uitkering ontvangt van 70% van de aanspraken die de pensioengerechtigde opbouwt. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-829","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=829"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/829\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}