The Accountability Body of Dutch pension fund ABP has given a positive opinion, by a large majority, on the fund’s proposed entry decision to move to the revamped pension system, marking an important step towards the transition on 1 January 2027.

The Accountability Body, which consists of representatives of employees, pensioners and employers, assessed the Board of Trustees’ proposal as part of an intensive process to ensure all participant interests were carefully considered.
Chairman of the Accountability Body, Aldert Jonkman, described it as an “intensive process”.

He continued: “In the past period, ABP's Board of Trustees informed us in depth about possibilities and preconditions to be taken into account in the proposed transition.

“We have critically assessed whether the interests of all participants have been carefully weighed and whether the intended entry decision is balanced for the collective. As the Accountability Body, we concluded by a large majority that this is indeed the case and issued a positive opinion.”

In addition, ABP’s executive director pensions, Yolanda Verdonk, said the result marked an important step forward in the fund’s preparations for the renewed pension scheme.

“The members of the accountability body represent the constituencies of all our participants and employers and are therefore an important advisory body for us. I am pleased that the Accountability Body voted by a large majority in favour of the proposed entry decision.

“With this, we are taking an important step in the transition to the renewed pension scheme and are on track. With this scheme, we aim to achieve the most purchasable and stable pension possible for all our members. It is now up to us as a board to take the final decision for the transition to the renewed pension scheme.”

The General Board will take a final decision on the transition to the renewed pension scheme in November 2025. Following that decision, members and employers will be informed step by step about what the transition to the revamped pension scheme means for them.

The announcement marks one of the final stages in ABP’s move to the new Dutch pension framework under the Future Pensions Act, set to take effect from 2027.

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