Future on Pensions Act Netherlands

On 30 May last, the Future on Pensions Act (Wtp) was passed by the Senate and will enter into force on 1 July 2023. The Wtp will result in a major change of the employment condition pension. The changes will affect the vast majority of employers, participants and pension beneficiaries, regardless of the type of pension agreement and regardless of the type of pension provider. The Wtp will enter into force on 1 July 2023 with a transition period giving social partners, employers and pension providers until 1 January 2028 to amend the pension schemes. Below is an outline of the main elements of the Wtp and legal points of interest for employers, pension providers and fiduciary managers.

Please click here to view the Dutch version.