News item | 10-11-2023 | 2:45 PM
There will be more time for a careful transition to the new pension system. The Council of Ministers decided this on the proposal of Minister Schouten for poverty policy, participation and pensions. The bill now goes to the Council of State for advice. This change had already been promised to the Senate during the discussion of the pension law, which had insisted on sufficient time for a careful transition.
The Future of Pensions Act, as the pension law is formally called, stated that pension funds have until January 1, 2027 to switch to the new system. However, the consideration of the new pension law by the House of Representatives and the Senate took a lot of time. As a result, the time for the funds to do this carefully has become short. The amendment to the law that is being submitted to the Council of State removes the date mentioned from the Pension Act and now mentions the date in an Order in Council.
The government will soon issue an order in council extending the period until January 1, 2028.