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ARTICLE · 29 APRIL 2021

How Should You Change Your Pension Scheme With Effect From 1 January 2022?

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At the end of last year, the draft bill for the Future of Pensions Act (Wet toekomst pensioenen) was published. This Act provides for a thorough reform of the Dutch pension system, and consequently the ...

NetherlandsEmployment and HR
Bas Dieleman
Bas Dieleman
Laurie Kuijpers
Laurie Kuijpers
Robin Van Der Ham
Robin Van Der Ham

At the end of last year, the draft bill for the Future of Pensions Act (Wet toekomst pensioenen) was published. This Act provides for a thorough reform of the Dutch pension system, and consequently the pension scheme for your employees. It is as yet unclear when this Act will be passed. In the meantime, you as an employer have a pension scheme for your employees that you may want to change in 2022. By doing so, you will be better placed to anticipate the reforms of the Dutch pension system. Read more about these changes in this article.

Main elements of the Future of Pensions Act

The current Pensions Act has three types of pension agreements: defined benefit agreements, capital agreements and defined contribution agreements. In the new pensions system, pension accrual is only possible on the basis of a defined contribution agreement. The consequence of this is that once the new Act becomes law, the parties can only agree on a pension scheme for the retirement

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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