{"id":362,"date":"2016-07-20T08:28:27","date_gmt":"2016-07-20T06:28:27","guid":{"rendered":"https:\/\/vwg.nl\/uncategorized\/toekomst-pensioenstelsel\/"},"modified":"2026-03-03T10:32:45","modified_gmt":"2026-03-03T09:32:45","slug":"the-future-of-the-pension-system","status":"publish","type":"post","link":"https:\/\/vwg.nl\/en\/toekomst-pensioenstelsel\/","title":{"rendered":"The future of the pension system"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2353 size-large\" src=\"https:\/\/vwg.nl\/wp-content\/uploads\/20160715_pensioenstelsel_VWGNijhof-1024x384.jpg\" alt=\"VWGNijhof pension scheme\" width=\"1024\" height=\"384\" \/><\/p>\n<p>The pension system is a hot topic. Last week, we reported in an <a href=\"https:\/\/vwg.nl\/en\/nieuws\/self-administered-pensions-abolished\/\" target=\"_blank\" rel=\"noopener\">article<\/a> and a <a href=\"https:\/\/vwg.nl\/en\/nieuws\/pensioen-in-eigen-beheer-wordt-afgeschaft-wat-nu\/\" target=\"_blank\" rel=\"noopener\">factsheet<\/a> regarding the phasing out of the self-administered director-owner pension (PEB) envisaged by State Secretary for Finance Wiebes. However, the pension system for \u201cordinary\u201d employees also needs to be revised. In a <a href=\"https:\/\/www.rijksoverheid.nl\/ministeries\/ministerie-van-sociale-zaken-en-werkgelegenheid\/documenten\/kamerstukken\/2016\/07\/08\/kamerbrief-perspectiefnota-toekomst-pensioenstelsel\" target=\"_blank\" rel=\"noopener\">letter<\/a> In a letter dated 8 July 2016, Klijnsma, State Secretary for Social Affairs and Employment, outlines the government\u2019s position on this matter.<\/p>\n<h4>New pension scheme from 2020<\/h4>\n<p>The introduction of a new pension system is, of course, a major undertaking. These are arrangements that will affect almost every Dutch citizen for the greater part of their lives. That is why the Government is taking ample time to draw up well-considered rules and to ensure they are properly enshrined in law. For the time being, the aim is to introduce the new pension system from 2020. In the short term, therefore, pension providers, employers and employees do not yet need to make preparations for the new pension system. In fact, this is not yet possible at all, as so far only the broad outlines of the new system have been set out.<\/p>\n<h4>Minor improvements<\/h4>\n<p>A number of minor improvements to the current pension system will, however, be implemented in the short term. These improvements are in addition to the \u201cminor\u201d adjustments that the Government has already made recently in anticipation of the changed social and financial circumstances.<\/p>\n<ul>\n<li>The right to cash out small pension entitlements will be replaced in mid-2017 by a compulsory transfer of the value of these small pensions.<\/li>\n<li>The <a href=\"https:\/\/www.eerstekamer.nl\/wetsvoorstel\/34255_initiatiefvoorstel_lodders\" target=\"_blank\" rel=\"noopener\">Act on the Improved Premium Scheme<\/a> is expected to come into force on 1 September 2016.<\/li>\n<li>Communication with members of pension schemes is being improved.<\/li>\n<\/ul>\n<h4>Small pension entitlements<\/h4>\n<p>A pension entitlement is considered small if the annual old-age pension payable is less than \u20ac453. The pension scheme administrator currently has the legal right to settle such an entitlement. Settlement means that the pension administrator calculates the present value of the entitlement and pays that amount, after deducting income tax, to the pensioner. The logical consequence is that, once the pensionable age has been reached, the pensioner will not receive any payments from this pension entitlement. In order to minimise gaps in retirement provision as far as possible, the right to buy out small pension entitlements will be abolished. Instead, the pension provider is obliged to transfer such entitlements to the employee\u2019s new pension provider.<\/p>","protected":false},"excerpt":{"rendered":"<p>Het pensioenstelsel houdt de gemoederen bezig. Vorige week berichtten we in een artikel en een factsheet over de door Staatssecretaris van Financi\u00ebn Wiebes beoogde uitfasering van het pensioen van de DGA in eigen beheer (PEB). Maar ook het pensioenstelsel voor &#8220;gewone&#8221; werknemers behoeft aanpassing. In een brief van 8 juli 2016 schetst Staatssecretaris van Sociale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-362","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=362"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/362\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}