New Netherlands Pension Law Adopted

New Netherlands Pension Law AdoptedOn Tuesday, May 30, 2023, the Senate adopted the new Netherlands pension law. The law comes into effect on July 1, 2023. The pension advisor at Schouten Zekerheid will contact clients (employers) shortly to explain the law’s implications, and possibilities for their scheme and develop an action plan. The following points briefly summarize the law’s key provisions.

Modification of Existing Pension Plans

Employers and pension providers have until January 1, 2028, to modify their existing pension scheme and ensure compliance with the new pension legislation. New pension schemes must comply with the new regulations starting July 1, 2023.

Flat Contribution

Beginning January 1, 2028, the pension scheme for new employees must be based on a flat contribution with a maximum premium rate of 30% of the pension base (pensionable salary minus deductible).

Transitional Arrangement

A transitional arrangement may be used for existing defined contribution schemes with an age-related increasing premium scale. This transitional arrangement only concerns maintaining the age-related premium scale (instead of a flat contribution). This premium scale can also be maintained after 2028, but no new participants may join from that point onwards. However, also the existing pension scheme must comply with the new law. For example, the survivor’s pension must be insured on a risk basis and be a percentage of the salary (up to 50% maximum). In any case, a completely new pension scheme must be introduced for new employees joining from 2028 onwards.

Action Always Required

The changes resulting from the new Pension Law will impact every employer with a pension scheme. As a result, all existing pension schemes must eventually be adjusted.


Schouten Zekerheid, Asinta’s employee benefits consulting Partner in the Netherlands, provided this information on the adoption of the new Netherlands Pension Law. Please do not hesitate to contact Asinta if you need support with your employee benefits in the country. We will put you in touch with Schouten Zekerheid.