Social partners (representatives of employees and employers) make agreements about your new scheme. They will pass on their choices to us by 1 October 2024 at the latest. Are you affiliated with us through a voluntary pension scheme? In that case, your employer will make arrangements about your pension scheme with a representative of employees. For example, the works council and/or trade unions. In the new system you will build up pension capital instead of pension entitlements. We invest that capital to ensure it increases in value. The personal pension fund assets move along with the investment returns. As a result, both windfalls and setbacks will reach members and pension recipients more quickly.
Some of the employers affiliated with us already have a scheme in place under which employees accrue pension capital. Employees in the sea fishing or wholesale of flowers and plants sectors are two examples. They are already accruing pension capital. Other employees have a pension scheme under which they are still accruing entitlements.
As soon as we know how the changes will affect you, we will inform you about this.
Then the new rules apply to you from 1 January 2027. We do not yet know exactly how you will be affected. It depends on the choices made by your employer or the sector in which you work with regard to your new pension scheme. They do this in consultation with the employees (or employee representation). They will pass on their choices to us by 1 October 2024 at the latest. As soon as we know how the changes will affect you, we will inform you about this.
Then the new rules also apply to you from 1 January 2027. We do not yet know exactly how your pension will be affected. It depends on the choices made by your former employer or the sector you worked in with regard to the new pension scheme.
If your former employer no longer exists and you did not work in a compulsory affiliated sector, the current rules will continue to apply to your pension. In that case, no new pension scheme will be agreed for you. As soon as we know exactly how you will be affected, we will let you know.