On Thursday, December 22, a majority of the House of Representatives voted in favor of passing the bill for the Future of Pensions Act (Wtp). It is a positive sign that the government coalition was also able to count on the support of GroenLinks and PvdA, thus potentially also having a majority in the Senate.
The adoption of the bill is good news for participants and employers, as it brings a pension system that meets today’s requirements within reach. As an administrative organization, APG was also looking forward to this news.
CEO Annette Mosman: “To be ready in time for the transition as an administrative organization, it is important that there is clarity about the details of the new system as soon as possible. The passing of the bill for the Future of Pensions Act (Wtp) by the House of Representatives is an important step towards that clarity. We are particularly pleased that the amendments on a collective distribution phase and on broadening the standard method for converting were adopted last Tuesday. Both are important amendments that make the bill more implementable.”
To achieve a House majority for the Future of Pensions Act, 45 amendments and 50 motions had to be voted on. This vote took place on December 22. In doing so, the main amendments and motions of the Green Left and the Labour Party were adopted - a condition of these parties’ support for the bill. These include three amendments aimed at reducing the so-called “white spot” (employees who are not accruing a pension) and a motion on arduous professions. The motion calls on the government to come up with a new early retirement scheme, which will be better at targeting arduous professions, after the current one expires in 2025.
Now that the House of Representatives has agreed, the bill is finalized and can go to the Senate, where the debates on the draft legislation will begin in January. The aim is for the Future of Pensions Act to take effect on July 1, 2023.