Because Stichting Pensioenfonds Staples (SPS) is a closed fund, the future is one of the most important issues and developments are being closely monitored. The board made a “proposed decision” in January 2025 to transition to an insurer. There are several reasons for this.

Future of Pension Fund Staples within the Future pensions act.

Since 2015, no new members have joined SPS. The fund was converted to a so-called dormant pension fund in July 2018. That means the fund no longer receives premiums for continued pension accrual. Because SPS no longer receives premiums, it can no longer pay the costs of the fund from premium income. In addition, the money that SPS has set aside to cover costs is only sufficient until the end of 2029.

The members of our pension fund are also getting older, which means that the focus is becoming more on security. SPS can therefore invest less and less riskily over time. This means that the fund can achieve less excess return. The pension fund aims to increase pensions each year based on price trends. In recent years, this has been partially successful. Due to lower excess returns and higher costs in the future, it is becoming increasingly difficult to achieve this goal

Therefore, in 2024 the board examined extensively whether a transition to another pension administrator would offer a better prospect of continuing to increase your pension in the future. After careful investigation, the board concluded that transferring to an insurer would be the best solution.

What does this mean for your pension at the moment?

Nothing about the pension plan is changing at this time. We will continue to administer your pension and retirement benefits according to the current plan. We will, of course, keep you informed of developments.