Last summer, the Dutch government and the social partners reached agreement on the outlines of a new national pension agreement. The details of their agreement in principle have been worked out in draft legislation. The public at large was able to give their opinion on the proposed law until 12 February 2021.

The agreement sets out the building blocks of the new national pension system. The reactions collected through the public consultation will be used to improve the draft legislation, so the new Pension Act can take effect from 2022. After enactment of the new law, the social partners and the pension administrators will have until 2026 to implement the rules of the new pension system. Click here for a summary of the public’s reactions to the draft legislation.

Roadmap from 2022
Once the law has been enacted, the social partners (the employer and the trade unions) will need to take action. They will need to make important decisions, such as which type of pension contract to adopt. Next, ING CDC Pensioenfonds will assess whether they will be able to execute, fund and communicate the new pension plan. 

Together with the social partners, we will keep you informed of any decisions made in the run-up to 2026 that will have an impact on your pension. By then, you will probably want to know what to expect in terms of pension benefits, before and after implementation of the new pension plan. How your surviving dependants’ pension will be affected and what pension choices you will have. And how the pension fund will be able to help you make those choices.

Stay informed
We will post relevant news items about the new pension system on our website and in our newsletters. For now, we will keep you informed of the main points, but as we move forward we will be able to give you more details. So you stay informed.