General Board decides on future pension scheme
At the end of June, the General Board made a final decision on the implementation of the new pension scheme from 1 January 2027. This means that all our participants will participate in a new pension scheme from 1 January 2027. We will convert all accrued pensions to the new scheme. The decisions taken are recorded in legally prescribed documents that have now been submitted for assessment to our supervisors De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM).
“I am pleased with the set of resolutions we have taken, including the decisions on the distribution of the buffer, the compensation scheme and the establishment of a solidarity reserve. These decisions have been endorsed by the trade unions and affiliated companies involved and were taken unanimously by the General Board after a positive recommendation by the Accountability Body.” Jasper Kemme, General Manager
Balanced and feasible
In April we informed you that the Board had confirmed the resolution that it was in principle prepared to implement the new pension scheme, looking at the effects of this scheme for our participant groups. In other words: the General Board then judged that the agreements made by the social partners were ‘balanced’. Now the process has also been completed to assess whether it is technically possible to implement the pension scheme, looking at the costs and the (management of the) risks. The Board also came to a positive final conclusion here and has recorded everything in the implementation plan.