The Pension Agreement was reached last year in June. Since that time, the Ministry of Social Affairs and Employment has been working on the Future Pensions Act (Wet Toekomst Pensioenen).

The Act and implementation of the Pension Agreement deferred for one year

The new Act was due on 1 January 2022, but this has been deferred until 1 January 2023. Implementation was due to happen by 1 January 2026, but this will now be 1 January 2027. Both have thus been deferred for one year.

How does the Pension Agreement affect your pension?

Since 1 July 2018, the Staples Pension Fund has been a closed pension fund with no further contributions paid in for further accrual of pension. Closed funds have a choice to make as to whether they will convert pensions accrued in the past into the new pension scheme (referred to in Dutch as ‘invaren’, or literally ‘sail in’).

Conversion to a new pension agreement would mean that your pension will fluctuate more with the development of the economy. No conversion would mean that the current situation will continue, in which there is also uncertainty regarding indexation and the risk of shortfalls will continue to exist.

The pension fund is considering the interests of the participants

Work on the conditions for this conversion is still ongoing, so it is not yet clear what the best option will be. For the pension fund Board of Trustees, this choice will be made on the basis of what is best for the participants in the fund.

Implementation of Pension Agreement by 1 January 2027

Many details still have to be worked out and choices will have to be made. This will take another couple of years. We will of course continue to keep you informed during the period of transition to the Pension Agreement.

Questions?

We will be pleased to help. You can call us on 020 426 63 20 from 08:30 to 17:00 from Monday to Friday, or at pensioenservice@pensioenfondsstaples.nl