In consequence of the CAO (Collective Bargaining Agreement) consultation, as of 1 January 2020 a change will be made to the pension schemes with regard to one-off indexation compensation payments that were pensionable and the accrual of pension by partially occupationally disabled persons.
As of 1 January 2020, the one-off assessment CAO 1-7 and Eind RSP 16-25 allowance is no longer pensionable. Also, as of 1 January 2020, the regulations include the ruling that pension accrual during a period of occupational disability will not be adjusted.
Franchises and (fiscal) limits have been updated per 1 January 2020.
The most important alterations regarding franchises and limits are shown below:
– Pension franchise*: € 15,178 (2019: € 14,770)
– Contribution franchise**: € 14,171 (2019: € 13,790)
– Maximum pensionable salary on an annual basis: € 110,111 (2019: € 107,593,-)
– Commutation limit for small pensions: € 497.27 (2019: € 484.09
Changes in contribution per 1 January 2020 were set out in the newsletter of December 2019.
See the Pension Scheme Rules and Regulations for this year
* The pension franchise is that part of the pensionable salary not taken into account when determining pension entitlements.
** The contribution franchise is that part of the pensionable salary not taken into account when determining the member’s and the employer’s contribution.
In 2024, we will have achieved a 12.6% return by investing the pension assets. With this result, we are in the top three of the more than 170 pension funds in the Netherlands that were surveyed by consultants from OverRendement and Bell.
We are expected to implement the new pension scheme from January 1, 2026. We are preparing for this, so that this transition is done carefully. For example, in 2024 we switched to a new pension administration system. In this administration system, we can administer our current and future pension scheme. In short: with this administration system we are ready for the future.
Your pension scheme will change from January 1, 2026. In the coming months, we will explain the new pension scheme to you in small pieces. This time: the change in the way we build up pension.