Update on new Dutch Pension Act
On 22 December 2022, the new Dutch Pension Act was passed in the House of Representatives. Years of preparation preceded this and several more changes were made in the days before Christmas. It is currently being debated in the Senate.
After approval by the Senate, the act is expected to enter into force on 1 July 2023. The deadline by which pension funds must then have a new scheme in place is 1 January 2027.
New scheme for Unilever
Unilever and the trade unions are discussing the content of the new Forward scheme. With a minimum implementation time of one and a half years, the earliest possible starting date is 1 January 2025.*
Your Forward pension will be changing
The new rules are intended to modernise the Dutch pension system so that future generations can also expect a good pension. Pensions will move more in line with the economy: if it is thriving and good returns are achieved, pensions will go up. But if things are not going so well, a reduction is also possible (earlier). The new rules also ensure that the fluctuations do not become too great. In addition, they get smaller as you get older: the closer you get to retirement, the more precisely you can see how much you can expect to receive. The fluctuations are also limited for pensioners.
Good to know...
There are legal requirements according to which a fund must demonstrate that the transition to the new system is balanced for all different groups of participants.