On January 1, 2027, all pension funds must be ready for the transition to the new system. This means that the new pension rules will apply to everyone from then on. But before we get there, a lot still needs to be done. The transition from the old system to the new system must be done with due care. Some major steps towards 2027 are:
2020 - 2022
The new pension law must go into effect on January 1, 2023. This is preceded by a whole legislative process that is started in the second half of 2020. In April 2022 the bill went to the House of Representatives and will go to the Senate of the Dutch Parliament in October 2022.
2022 - 2024
Once the law has gone into effect, it is the social partners - trade unions and employers' organizations - that will need to work on the transition. In 2022/2023, they will be working to reach concrete agreements between employers and employees. It is expected that preliminary agreements will be reached in early 2024. On January 1, 2025, the agreements must be completely finalized. It will then be clear how the social partners’ agreement will affect employers and people who are accruing or have accrued pensions.
2025 - 2027
In the period 2025/2027, the various pension funds will implement the new rules. During this period, your pension will move to the new system.
January 1, 2027
On January 1, 2027, all pension funds must be ready for the transition to the new system. Starting January 1, 2027, the new pension rules will apply to everyone.