What can you do yourself?
Do not miss any information: register your private email address. Once you have done this, we will be able to contact you digitally and you will never miss any information about your pension again - even if you leave J&J or retire. Go to My pension and leave your e-mail address. To access My pension, you need the MFA-app. Look at the MFA user manual for more information.
Questions?
If you ever have any questions, please contact us.
On the national website pensioenduidelijkheid.nl you will find all the information about the new pension rules.
This website (formerly onsnieuwepensioen.nl) is an initiative of trade unions, employer organizations, pension providers and the Ministry of Social Affairs and Employment. Here you will find clear information about all the changes. Why there will be new rules, what will change, but also what will remain the same.
Pension Agreement
Under Pension Agreement you can find all the topics for which there is already information.
The new pension system has been detailed in the Future of Pensions Act (Wet toekomst pensioenen). The act will take effect on 1 July 2023. When the law is introduced, that means you will have a new pension scheme. Your new pension scheme needs to enter in force by 1 January 2028 at the latest. At this point it is not yet clear when the new pension scheme for J&J Pension Fund OFP will take effect. The target date is 1 January 2027. We will update you as soon as we have more information to share. Please ensure that we have your private e-mail address. This will help you stay informed about all of the Pension Agreement developments, even after you leave your current employment or you retire.
The work group will keep you updated. In case a new update is available, it will be at hand on your portal My pension. Previous updates are also available there.
The current pension system no longer reflects changing circumstances. Read more about Why is a new pension system necessary?
J&J Pension Fund OFP has set up an Employer+Employee (E+E) work group for this purpose. This work group consists of employer and employee representatives and members of the Pension Council too and the Pension Manager of the Netherlands.
They like to keep you updated. In case a new update is available, it will be at hand on My pension. Previous updates are also available there. Read more about the workgroup.
The Lower House approved the Future Pensions Act (Wet toekomst pensioenen, Wtp) in December 2022. On May 30, the Senate has also approved the Future Pensions Act. Pension funds will have until 1 January 2028, to make the adjustments for it.
With the introduction of the Pension Agreement, many things are changing. One important change is that in the new scheme the contribution paid in will be the starting point instead of the amount of the pension benefit. You build up a personal pension capital. This will make it clearer what you contribute and what you build up in terms of capital.
Keep an eye on our Pension Agreement page and pensioenduidelijkheid.nl for the latest developments.
Working together with Johnson & Johnson employers in the Netherlands and the Central Works Council, J&J Pension Fund OFP will establish new pension entitlements according to the new laws and regulations. An Employer+Employee (E+E) work group has been initiated to provide advice. This work group consists of employer and employee representatives, supplemented by a delegate from the board of J&J Pension Fund OFP, members of the Pension Council and the Manager of Pensions for the Netherlands. The work group will keep you informed. Updates can be found on your My Pension portal. This is also where you can view earlier updates.
Log in to My Pension and read the updates from the work group, found in My Archive.
It is not yet clear what options are available for pension already accrued. It is possible that the new legislation will make changes here. This is one of the issues that the E&E work group will provide advice about.
The best time to retire is a personal decision. At the moment, the details of the new pension scheme for J&J Pension Fund OFP are not yet known. Moreover, it will be some time before the new pension scheme is introduced. Pension funds have until 1 January 2028 to implement the new scheme. The target date for J&J Pension Fund OFP is 1 January 2027. To gain more insight into your personal situation, it is best to contact your financial adviser.
If you are currently accruing pension through J&J Pension Fund OFP, you will also be required to transfer this to the new pension scheme in the future. At the moment, nothing has been finalised regarding the details of the new pension scheme. In order to file an objection, you first need to know if there are elements of the new pension scheme that you do not agree with. Once the details of the new pension scheme are known and you feel it is not right in your situation, you can file a complaint about it according to the complaints procedure (pdf). The complaint will then be carefully reviewed and processed.
The government is still working on the rules for this option. This means that the details on this are not yet known.
Please note: a lump sum may affect any allowances you receive. This could include rent or healthcare allowances. These allowances may be reduced or even removed. You will also have to pay taxes on the lump sum.
There is nothing you need to do at this time. You will be notified by us if you need to do anything. Want to know more about the net pension scheme? Visit our Pension Agreement page and read the work group updates on My Pension. This is also where you can view earlier updates.
Please don't hesitate to contact us. Or visit our page Pension Agreement. You can also find more information on the national website pensioenduidelijkheid.nl.
Want to know if you have built up pension anywhere else? On www.mijnpensioenoverzicht.nl you can see what organisations you have a pension with there.