The Dutch pension fund UWV, for employees of the Dutch Workers Insurance Authority (UWV), has agreed on a transition plan with UWV and its social partners.

Pension fund UWV is currently scheduled to switch to the new pension rules on 1 January 2027. The transition plan contains agreements on what the pension scheme for UWV Pension Fund will look like from 1 January 2027, and how it will transition to the updated pension scheme.

“The UWV Pension Fund Board will assess whether the final transition plan (and the new pension scheme) is feasible for the fund. Whether a new pension scheme is balanced plays an important role in that assessment. In that context, agreements still have to be made with the fund on various topics in the transition plan. For example, on the distribution of assets,” the pension fund said in a statement.

It will now move forward with the implementation plan, which describes in detail how it will implement the new pension scheme. This includes the steps the fund will take to achieve implementation of the new pension scheme, such as costs and risks, and how to manage these.

A separate communication plan will also be drawn up on how the new pension fund will be communicated, which is part of the implementation plan.
Legally, the pension fund is obliged to submit the implementation plan to De Nederlandsche Bank (DNB).

“All in all, the implementation plan contributes to a careful and transparent implementation process, showing pension fund UWV's ability to properly manage and implement the new pension scheme,” it said.

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