If you are leaving your job
The coverage under your pension plan continues for 12 months after your employer stops contributing to your plan.
The insurance cover in force under your pension plan when contributions were stopped continues for 12 months. It will continue automatically unless we hear from you when contributions stop.
You can decide to continue the coverage under your pension plan. The price of continuing the insurance coverage will be deducted from the value of your savings. Your pension plan will be converted into a paid-up insurance plan 12 months after your contributions stop. A paid-up insurance means that no further contributions are made to your pension plan. Pensions are calculated on the basis of the value of the savings in your pension plan.
Please contact us if you want the insurance cover to continue.
Going on leave
Special rules apply if your leave runs for more than 12 months. If it does, it is very important that you contact us before the end of the 12-month period. If you don't, you may lose certain rights.
If you resigned from your job due to illness or an accident, you may be eligible for cover from your pension plan with Sampension.
Transferring your pension plan
If you move to a new job with a mandatory pension plan, you may be able to transfer your pension plan with us to another pension provider.
You should note that transferring a pension plan may be subject to a given time limit.
Contact us or your new pension provider if you want to learn more about the rules for transferring your pension plan.
Sampension does not charge a fee for transferring pension plans.