Current status of progress of the new Pensions Act

Last updated: 21 April 2023
In recent months, the Future Pensions Act (Wtp) has been further discussed in the House of Representatives. After long and frequent debate, the House of Representatives agreed to the Wtp at the end of 2022. The most important decision that has been made in October is that the date of entry into force of the law has been shifted from 1 January 2023 to 1 July 2023. From then on, pension schemes may be adjusted. All pension schemes in the Netherlands must comply with the Wtp by 1 January 2027 at the latest. The new pensions system is intended to provide future-proof pensions that are better suited to the times we live in. On this page you can read about the current status of the deliberations regarding the Wtp. We update this page regularly.

House of Representatives approves the Future Pensions Act (Wtp)

From September onwards, the Wtp was discussed a number of times in the House of Representatives. That took more time than expected. During the consultation on 15 November, it was decided to discuss the bill article by article. This was done in several sessions at the end of last year. On 22 December, the House of Representatives approved the introduction of the new pension system.
The Wtp has already been discussed several times in the Senate in recent months. During the last discussion on April 11, it was decided to start the plenary debate on the law on 15 May. This has now been postponed to 22 May. All questions must be answered for this. The vote on the law is now scheduled for 30 May. An agreement must be reached in time, otherwise the starting date of 1 July 2023 is no longer certain.

Discussion on elaboration

For a long time, a number of parties in the House of Representatives felt that the Wtp could not be discussed because not enough details were worked out sufficiently. The biggest concern was how the total pension assets will be divided over the ‘individual pots’. That is why it was already decided in October to postpone the date of entry into force of the law to 1 July 2023. Minister Schouten thinks it is important that this effective date must be met.

It’s now up to the Senate

When the House of Representatives agreed to the introduction, the chance that this would be achieved seemed a lot greater. In the Senate (so far) a small majority is also in favor of the introduction of the new law. However, the treatment within the Senate is also less smooth than expected. Here, too, many questions are asked and several treatment days are required. It is therefore not yet certain whether an agreement can be reached in time. It remains exciting until the last day.

BeFrank will of course continue with the preparations so that we are ready before the Wtp comes into effect. You will read more about the changes of the new pension system here.

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