Dutch pension fund BpfBOUW will switch to the new pension rules, with effect from 1 January 2026.

Both trade unions and employers’ organisations (social partners) are currently working together to decide how the change will happen.

Earlier this year, BpfBOUW’s social partners announced initial agreements, but following extensive discussions and assessments, additional agreements have been integrated into the transition plan.

The transition plan outlined the roadmap for how BpfBOUW would adopt the new pension rules and set out principles that will guide the renewed pension system for BpfBOUW members.

The board of BpfBOUW is responsible for the implementation of the updated pension system and overseeing communication about this. Therefore, the plan was evaluated for feasibility and the results were discussed with social partners.

The feedback from these discussions has led to the social partners making a few additional claims.

The fund will decide if it will accept the amended plan and will also further develop the implementation and communication plan.

The implementation plan details how the fund will implement the renewed pension, while the communication plan describes how it will explain the transition.

Both plans will undergo scrutiny by the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). Upon securing approval from DNB, BpfBOUW will proceed with the new pension rules as planned on 1 January 2026.

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