Who is making the rules for the new pension system?

Many parties are involved in the creation of the new pension system. These include the government, pension funds, employer and employee organizations.

In 2019, the government and social partners reached a new pension agreement. In collaboration with social partners, the government is now converting this agreement into a proposed law, the Future of Pensions Act.


The cabinet aims to have this new law go into effect on January 1, 2023, after it has been debated in the House of Representatives and the Senate. The implementation for each pension fund must be completed by January 1, 2027. In the coming years, the specific details for each fund will be worked on. The social partners and pension funds will discuss this with each other. The social partners are responsible for the main choices, while the pension fund board is responsible for the details of the choices and for implementation.

In the Netherlands, we have different types of pension funds:

  1. Sector pension funds: an employers’ fund from one specific sector, e.g. ABP
  2. Company pension funds or business pension funds: if a company does not fall under a specific sector or is large, it can set up its own pension fund. 
  3. Occupational pension funds: specific funds for, for example, GPs, notaries or dentists.