Pension transition plan for employers

The Wet toekomst pensioenen means that all pension schemes must be adjusted. This must be done carefully. We call this the pension transition. Both the pension provider and the employer are legally obliged to draw up a transition plan.

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What does the transition plan contain?

All choices, considerations, and calculations are included in the transition plan. In this way, the plan provides justification for the balanced transition to the new scheme. The employer must reach agreement with employees (or employee representation) on all changes. 

Topics in the transition plan

• Which contract was chosen?
• How to deal with existing entitlements and rights?
• What are the effects of the (new) premium scheme per age group?
• There must be a balanced transition. To achieve this, rules will be introduced for adequate pension compensation.
• A financing plan for the compensation is required. The starting point is cost neutrality for employers and participants. 

When to start with the transition plan?

Our advice to employers is to orientate themselves in time about the pension change and the compensation issue. Good preparation takes time and often leads to better long-term decisions. It is possible to start from July 1, 2023, when the new Pension Act came into effect. 

Supervising pension transition and pension communication

We guide you through every step of the change to the new pension system. We do not lose sight of the participants. They must be well informed and involved in the choices. Good pension communication is indispensable in this regard. Contact us for a no-obligation orientation meeting.