The future of Pensions Act – The new Dutch Pension System (June 2023)
Client Briefings
Introduction
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The Upper House of the Dutch parliament approved the Future of Pensions Act (Wet Toekomst Pensioenen) on 30 May 2023. This Act will radically change the Dutch pension system and mean that the Netherlands will be moving from a system geared towards equal accrual to a system based on allocating an equal contribution. A lot will change – not just as regards pension accrual – and in some regards action will have to be taken shortly.
