A wholesale reform of the Dutch pension system is underway and is likely to be implemented on 1 January 2022. This article sets out the proposed changes and their impact on employers in the Netherlands. Dutch pension reform impacts all pension schemes Social partners and government have agreed on a drastic reform of the Dutch pension system. At the latest per 1 January 2026, pension…
Employers in the Netherlands suffering from the effects of the COVID-19 crisis are entitled to assistance in managing their pension liabilities. This article provides details. At the very beginning of the COVID crisis in March, it was announced that pension providers would accommodate employers facing financial problems due to the COVID crisis as much as possible. The Dutch Labour Foundation, the Pension Federation and the…
The Supreme Court ruled in a judgment of 6 March 2017 that the organiser of a pension promise must cover deficits of the vested reserves, as well as deficits regarding the minimum guaranteed return, no matter the causes of the deficits. Article 30 of the Act of 28 April 2003 on Occupational Pensions (“AOP”) states that an organiser must cover deficits of the vested reserves,…