Archive category: pension

Future Pensions Act submitted to Lower House

The Dutch Future Pensions Act (Wet toekomst pensioenen) was submitted to the Lower House on 30 March 2022. The intended effective date is 1 January 2023, a year later than planned. A brief recap: why is our current pension system being reformed? The subject of pensions is often a...

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,...