On 30 May, the Senate approved the Future Pensions Act (Wtp) legislative proposal. After years of discussions and many debates, we are now finally going towards a new pension together.
It is now up to employers and sectors
On 30 May, the Senate voted on the new pension rules. A majority voted in favour of the new act (46 in favour and 27 against). This means the new pension system will now really come into effect. Employers and employees are collectively working on making choices for their pension schemes. Within the new rules. You must inform us of the choices made in a transition plan no later than 1 October 2024. If you need any assistance, please contact your account manager or the Relationship Management department.
How will the new rules affect your employees?
The most important change is that everyone will soon accrue a pension in a defined contribution scheme. That means your employees will be accruing individual pension capital. We invest that pension capital to ensure it grows. The personal pension fund assets move along with the investment returns.
From 2027, your employees will accrue a pension in the new scheme
Minister Schouten postponed the final transition moment in the Wtp to 1 January 2028. By doing so, she met an important objection voiced by the Senate. Pensioenfonds PGB is still aiming for a transition as of 1 January 2027 and expects to be able to achieve that. Jochem Dijckmeester (Chairman of the Board): “We have many partners to take into account, so keeping the momentum going is critical. I also notice in conversations with participants that they want clarity fast about how the pension change will affect them specifically.”
Want to know about the new pension rules? We will keep you informed of developments regarding the new pension via our The New Pension theme page and our digital newsletters.