We have reached the next milestone in all our preparations for the transition to the new pension rules. The Dutch Central Bank (DNB) has given the green light for the migrate to our new pension plan as of January 1, 2026.

In their considerations DNB has carefully assessed our Implementation plan, which we had submitted to them mid-January 2025. This plan contains all the implementation agreements, ranging from how the pensions will be converted from the old to the new pension plan to how the new pension plan will be implemented.
The request to DNB and the receipt of the positive decision from DNB took a long time to prepare. In doing so, we had intensive and constructive contact with DNB about how, for example, we wanted and could implement a balanced transition for all generations.

DNB has reviewed the implementation plan and has announced it has no objections. Earlier this year the Authority Financial Markets (AFM) already approved our Communication plan as well.

Cooperation between various parties

The employer and the trade unions have jointly agreed on what the new pension plan should look like. They have documented this in what is called the Transition Plan mid-summer 2024 (only available in Dutch). The Heineken Pension Fund then analyzed the consequences of these agreements. For instance, it has been analyzed whether the benefits from the new pension plan are shared fairly by all participants. And it has also been assessed whether the agreements can be carried out operationally. The Heineken Pension Fund Board did not do this alone. The Accountability Council gave a positive recommendation and the Supervisory Board gave approval. The Association of Pensioners at Heineken (VvGH) was also involved and endorsed the agreements as well.

Diligence is paramount

After assessing our plans, the AFM and DNB have no objections against our transition to the new pension plan. Rogier Bouwman, Chairman of the Board of the Heineken Pension Fund reacted: We are pleased that the regulators have no objections to our migration from the old to the new pension plan. And after several years of preparations we also feel ready to migrate. However, we are not there yet. The pension fund is still performing final tests of the readiness of processes and systems. And this must be carried out carefully, as the transition needs to go smoothly. Provided no unforeseen circumstances arise, we will switch to the new pension plan as of January 1, 2026 and convert the old pension entitlements to the new ones.”

What information can you expect

• In the period between 21-26 November, you will receive a first estimate of your pension entitlements in the new pension plan.

• In November and December, various meetings and (online) Q&A sessions will take place to answer questions. Check our website for an overview of all events. Walk in or sign up.

• In the Spring of 2026 you will receive a final specification with your actual pension situation as per January 1, 2026 in the pension plan.

• On MyPension you can then see exactly what the new pension plan means for you.

• In our newsletters (four times a year) and on the website, we will keep you informed about the latest news.