Why is a new pension system necessary?

The pension agreement is a significant step closer to the realisation of the new pension system.

Webinar 'Your pension will change'
On 15 November 2023 from 3:30 pm until 4:30 pm, we used this webinar to walk you through everything you need to know about the new pension system. What does it mean for your future income? What is already known? We gave you all the details.

View the on-demand webinar

Frequently asked questions webinar

The specifics of the pension agreement have now been finalised
In summer 2019, the Dutch government and the national social partners agreed on an outline pension agreement. These parties continued to negotiate on the details of the pension agreement in 2020, after which the Ministry of Social Affairs and Employment set to work to formulate a legislative proposal. Stakeholders were then given the opportunity to respond to the draft legislation. J&J was one of the parties that provided their input.

The drafting of the bill took more time than expected. As a result, the law is not come into effect until 1 July 2023. The new pension scheme must then be introduced no later than 1 January 2028. All in all, important progress is being made towards the realisation of a new pension system.

Why new rules?
Consensus exists nationally about the need to introduce new pension rules. Much has changed in our society in recent years: the population is ageing and retirees outnumber the people in work. Many pension funds have not been able to increase pensions and some funds have even been forced to decrease pensions. People are changing jobs more often and fewer people are being given permanent contracts. A changing labour market has made new pension agreements necessary; it will be important for the pension system to accurately reflect these agreements.