The Dutch Future of Pensions Act (Wet toekomst pensioenen) was sent to the House of Representatives on 30 March 2022.
If the House of Representatives and the Senate agree then the new Dutch Pensions Act is expected to take effect from 1 January 2023.
2022 – 2024
When the Act takes effect then Ahold Delhaize and the Central Works Council will enter into discussions in order to agree on arrangements that will then be submitted to Ahold Delhaize Pension. Examples may include the level of the pension contribution, the ambition of the pension scheme, the level of the partner’s pension, and pension in case of invalidity, the degree of solidarity, and whether we are or are not transferring the accrued pension to the new pension agreement (the so-called ‘converting’). The pension fund assesses, among other things, the practicability of the new scheme and whether all interests are looked after in the proposal in a balanced manner.
If the new pension scheme is coordinated in a timely fashion, the transfer will not take more than two years. The pension fund can then start the implementation of the new system earlier. Of course, the transfer to a new pension system should take place carefully. We aim to have implemented the pension agreement as from 1 January 2025. This way, we will have sufficient time to implement the new scheme.
1 January 2027 is the final date of implementation of the new pension scheme.