Archive category: pension

Relaxation of RVU: wider scope for early retirement!

On 1 January 2006, the tax advantage of “VUT” and other early retirement schemes was abolished. From then on, a scheme applies which is designed to offer employees a bridging payment until they reach pension age, in the form of an Early Retirement Scheme (“RVU”). The pension agreement of...

Employer may amend pension scheme unilaterally

Employers frequently ask us if they may amend their existing pension scheme unilaterally. The starting point is that employees have to agree to pension scheme amendments, separately from the works council. The employer may only amend the pension scheme unilaterally in exceptional cases. The Gelderland District Court recently held...

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...