New pension rules
Following the enactment of a new pension law in 2023, there are big changes coming to pensions in the Netherlands. In very simple terms, all current average and final salary defined benefit pensions plans that exist in the Netherlands are closing and being replaced by defined contribution plans before 2028. The current expectation is that your new pension scheme at Provisum will be in place by 1 June 2026.
- Summary of the new scheme
The employers and works councils (together the Social Partners) have held extensive discussions about the new pension scheme. The agreements have been documented in the transition plan. We have made an English summary: English summary Transition Plan.
You can find the full Transition Plan (in Dutch) here.
- Initial estimate of new pension before 1 May 2026
Before the first of May 2026 all members of the pension scheme will receive a letter with an initial estimate of the pension under the new scheme. You can find an English translation of the letter that has been sent to the employees (active members).
- Online meetings in May 2026
In addition to the letter with the initial estimate of the new pension, a number of online meetings will be held in May. During these meetings, we will explain the letter containing the initial estimate of the new pension. The meetings are held via Teams and take place in Dutch. But during a Teams meeting, you should be able to turn on live captions with translation. This works in real time during the meeting.
How to turn on live captions in English during a Teams meeting:
- Join the Teams call.
- Select More actions (⋯) in the meeting controls.
- Choose Language and speech → Show live captions.
- Select Open caption settings under the cog wheel → Language settings.
- Set Spoken language in this meeting to Dutch.
- Turn on Translate to and select English.
You’ll now see real‑time English captions while Dutch is spoken. Captions are only visible to you and don’t affect other participants.
Important to know
- ⚠️ It’s machine translation (good, but not perfect)
- ⚠️ The translation is not visible in the recording (only live)
- Webinar March 2025
On March 25th 2025 a webinar was held about the new pension scheme of Provisum. You can find the webinar with English subtitles below (please turn off the subtitles in Youtube at settings).
There is also a Q&A translated in English with question that were asked before and after the webinar.
Click here for information why there are new rules
Click here for more information (in Dutch)
Below are some translated Newsletters that were sent in Dutch about the new pension scheme: