The new Pension Act

The new Pension Act

Dutch new pension act and consequences for employers

The new pension act in the Netherlands (known as Wet toekomst pensioenen) came into effect on July 1, 2023. The consequences for employers are major. Every pension scheme must be adjusted between 2024 and 2028. Our advisors assist employers with these adjustments.

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Consequences for insured pension schemes

The core of the new system is that firm promises are no longer made about pension benefits. Instead, the benefit depends more on developments on the stock market. If prices go up, pensions will also rise. And if prices fall, this also applies to pensions. 

Time to adjust pension schemes

Pension providers have four years after the law comes into effect to adjust all schemes. This means a deadline of January 1, 2028. But it is better to take action earlier. This ensures that there is sufficient time to take all steps. One of those steps is the consent of the employees and/or Works Council. 

Pension transition plan for employers

Adapting to the new pension act must be done carefully. Pension providers and employers are therefore legally obliged to draw up a transition plan. Contact us so we can explain exactly what is expected of you and how we can help you with this. 

Pension advice on new pension system

There is a lot to consider for employers with the new pension act. But you are not alone. We will guide you every step of the way. We also make sure the participants are well-informed and involved in the choices. Good pension communication is indispensable in this regard. Call 0172 245 951 or request a quote, so we can schedule a no-obligation orientation meeting.

Quotation advice on new pension system