Major reform of the Dutch Pension system

Submitted by pmassetti on

Pension Policy International ((06.04.2022) On March 30, 2022 the Dutch government submitted draft legislation to reform the Dutch pension system, (the Bill) which is expected to come into effect on January 1, 2023. If the Dutch House of Representatives approves the proposal, it will go to the Senate where it is expected to pass. The deadline for transitioning to the new scheme is January 1, 2027 at the latest. This change will impact every employer with a pension scheme in place. In practice, once this new law is in effect, all pension arrangements with employees and contracts with pension providers will need to be renewed. In this alert we provide you with an overview of the most important reforms to the Dutch pension system and recommended steps forward. For those not yet familiar with the current Dutch pension system, we begin with a brief explanation.

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