Recent news reports about a possible tax setback for 1.6 million pension policyholders, where pension entitlements could be taxed, do not apply to the J&J Pension Fund OFP.

These warnings concern pension insurance policies with a defined benefit (DB) arrangement that still accrue pension entitlements in 2028, as these policies may not be transferred to a pension scheme compliant with the Future Pensions Act (Wtp) before 1 January 2028.

New pension scheme to start before 1 January 2028

The employer is preparing a new pension scheme to ensure it starts before 2028. Once the transition takes place, accrual in the current scheme will cease, thereby meeting fiscal requirements.

What does this mean for you?

• Your accrued pension remains pension, even after 1 January 2028.
• Your accrued pension will not be taxed; taxation occurs when the pension is paid out.
• New pension accrual will take place on time in the new pension scheme.
• There is no risk of a tax reassessment or loss of pension entitlements for participants of the J&J Pension Fund OFP.

In summary: The mentioned fiscal risks do not apply to our pension fund or the accrued pension of its participants.