The House of Representatives in the Netherlands has announced that it still wants to debate the ongoing bills relating to pensions after declaring all three ‘non-controversial’.

Following the collapse of the Dutch government, the House of Representatives compiled a list of subjects that it wants to postpose until there is a new government, with these bills declared as ‘controversial’.

All thee bills relating to pensions (the Lump Sum Review Act, Pension Benefits Division Act, and Individual Strategy Pension Fund Act) were not included in the list, with the house therefore wishing to continue debates on all three.

While the House of Representatives still wants to debate these proposals, it is not yet clear when that will happen, whether the bills will be approved and, if they are approved, when the changes will take effect.

House of Representatives member, Pieter Omtzigt, submitted a request on 11 September to declare the lump sum bill controversial, but this was rejected.

The Lump Sum Review Act is seeking to allow pension fund members to withdraw up to 10 per cent of their pension when they retire.

Legislation regarding this new pension choice has already been delayed several times, and the planned introduction date now stands at 1 July 2024.

Meanwhile, the Pension Benefits Division Act aims to make pension sharing agreements in the event of divorce easier to conclude, and the Individual Strategy Pension Fund Act seeks to give the accountability body and stakeholders’ body an advisory right on the exclusion policy of pension funds and on the socially responsible investment policy.

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