New pension rules one step closer: Lower House agrees

After years of discussion and more than a hundred hours of debate in the Lower House, the new pension rules now seem to become reality. On 22 December, the Lower House approved the Future Pensions Act (Wtp) legislative proposal. But what’s going to happen now? When do the new rules come into effect? Here’s a summary.
23 December 2022

Lower House agrees to new pension rules
15 December was the last time the Lower House debated the legislative proposal, which Minister Schouten submitted at the end of March. On 22  December, the last day before the Christmas recess, the Lower House voted on the legislative proposal. A majority agreed to the new pension rules.

The way is clear for debate in the Upper House
Now that the Lower House has agreed, it is up to the Upper House to act. The Upper House will consider the legislative proposal in the new year. The coalition needs the support of the PvdA and/or GroenLinks for a majority. If the Upper House also agrees, the new pension rules are expected to come into effect on 1 July 2023. Employers’ organisations, trade unions and pension funds will then have another 3.5 years to implement the changes. All pension funds must be ready for the new pension rules by 1 January 2027 at the latest.

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