Why is change necessary?

The legislation on pension rules is going to change. In principle, the existing pension scheme will change for everyone in the Netherlands. That includes the pension scheme from APF Pension Fund. This affects all participants, including retirees. Employers, trade unions and APF Pension Fund are in discussions about what your new pension scheme will look like.

The new pension rules will be more in line with today’s society and labour market. Because a lot has changed over the years. For instance, we often no longer work for the same employer throughout our entire lives. We are also getting older and receiving pensions for longer.

Your new pension scheme will most likely commence on 1 July 2025. The timetable is ambitious, but it is our aim. All existing pension entitlements are expected to be transferred to the new pension scheme. This is known as 'entry'. We are not yet able to tell you what the new pension scheme will mean for you personally. That will come at a later date. The basic principle behind entry into the new pension scheme is that all the resources from APF Pension Fund are distributed in a balanced way.

The objective is to ensure that all those who are already receiving a pension will not be negatively affected. We will provide more information and further explanation on this issue well before the commencement date on 1 July 2025. Meanwhile, employers and trade unions and their participants have made a tentative choice between two new types of pension schemes. Together, they have opted for the Flexible defined contribution pension scheme. Much will remain the same. You can read more about this in the Pension Updates.

The two new pension schemes from which employers and trade unions have made a tentative choice are as follows: