New pension rules have been drawn up. The rules worked well for years, but that is changing. The labour market is different now; increasing pensions often wasn’t possible and the rules weren’t clear. That is why unions, employers and the government have created new rules. The new pension better fits our society and how we work nowadays.
Many people are currently unclear about how much money they're contributing towards their pension. Under the new rules, everyone will come under a contribution scheme. Under this scheme, how much you and your employer pay into your personal pension pot is fixed. This means greater transparency as to how much you contribute and how your pension pot grows. When you retire, we will convert the money in your pension pot into a pension that you'll receive every month. For as long as you live. Even if you live to a 120.
The economy has been doing well in recent years, but this hasn't always been reflected in people's pensions. This is because we are currently legally required to maintain large buffers. which feels unfair.
The new rules ensure that pensions move more in line with the economy: if the economy is doing well, your pension can be increased sooner. If the economy hits a downturn, your pension may also go down. Agreements have been made to prevent pensions from temporarily falling too much.
Many people now have a pension under an average-pay system. This means you pay more into your pension when you're young, and less as you approach retirement. This worked well when people stayed with the same employer for almost their entire careers. However, people change jobs more often now, or take breaks from work, or start their own businesses.
The new pension rules are more in line with this new reality. Your pension contributions no longer depend on your age.
New rules have been drawn up for pensions in the Netherlands. But not everything changes. The strengths will remain unchanged. But some things are changing
