Archive category: pension

Broad interpretation of decision for mandatory pension participation

Is a business obliged to join a mandatory Sectoral Pension Fund (Bedrijfstakpensioenfonds, “BPF”) or not? The order (or decision) for mandatory participation of a BPF determines whether an employer is obliged to join the pension scheme of a BPF. When several legal entities work together in a single group,...

Reminder: pensionable age rising to 68

Effective 1 January 2018, the standard pension target age for tax purposes (the pensionable age in the pension scheme) will rise from 67 to 68 years. The reason for this is the rising life expectancy. As 1 January 2018 nears, we have produced a summary (below) of the most...

1 October 2016: Expansion Works Council right of consent in relation to pension schemes

On 1 October 2016 a legislative proposal which seeks to extend the Works Council’s right of consent in relation to the amendment of pension schemes administrated with a company pension fund entered into force. Cause for the legislative proposal were frequently expressed concerns about the lack of employee participation...