At the end of March, the minister sent the long-awaited legislative proposal for the Future of Pensions Act to the Lower House. Whether this expected legislation will also affect your pension at Staples Pension Fund is being studied further by the Board.
Since 1 July 2018, the Staples Pension Fund has been a closed pension fund in which no more contributions are paid for further pension accrual, and in which the employer no longer plays an active role since the end of 2021.
Closed pension funds with an active employer are faced with the choice of continuing with the existing pension scheme or converting pensions accrued in the past to the new pension scheme (the so-called "inward investment").
The Board followed the developments surrounding the pension agreement closely. However, without an active employer, the closed Staples pension fund has no opportunity to transfer to the new scheme under the currently proposed legislation.
As the Board of Trustees, we are studying all future alternatives, now that it has become clearer which (im)possibilities the new law may offer.
In making future choices, the Board of Trustees is focused on what will be most beneficial for the participants in the pension fund.
What does this mean for your pension at the moment?
At the moment, nothing will change in the pension plan. We will continue to administer your pension and pension benefits in accordance with the current scheme. We will of course keep you informed of developments.
Do you have any questions?
We would be happy to help you. Please contact us at telephone number (020) 426 63 20 from 8.30 - 17.00 Mon-Fri or email@example.com.
Frequently Asked Questions
What is the pension agreement?
The pension agreement is the agreement that the government, together with employers and trade unions, made in 2019 about the future of our pension system. Since then, the Ministry of Social Affairs and Employment has been working on the new rules for pensions.
Why are there new rules for retirement?
Our society has changed considerably in recent years. For example, people are getting older and people generally no longer work for one employer their entire lives. It is important that the pension system changes accordingly. That is why the government, together with employers and trade unions, has concluded a pension agreement with new rules for pensions and AOW. In order to implement the new rules, the Pensions Act must be amended. A bill has been submitted for this purpose.
When do the new pension rules go into effect?
If the House of Representatives and the Senate agree to the bill, the new rules are expected to take effect as of January 1, 2023. Subsequently, time is needed to implement the changes. The deadline for this is January 1, 2027. During this period we will, of course, continue to keep you informed.