Lijden Pension Fund is the first to move to the new pension system

The Loodsen Occupational Pension Fund is the first to receive the green light from De Nederlandsche Bank to move to the new pension system on 1 January 2025. That reported pension fund on its website.

The various pension funds must be transferred to the new pension system by 2028 at the latest. The large pot of pension funds is then divided into personal pension pots. The amount in that pot will depend on the development of the financial markets.

To change, the pension fund plans are tested by DNB. The main focus is that the money in the pot is distributed evenly among the different participants.

“Although we are extremely proud to have reached this milestone, we understand that there is still a lot of work to be done in the period ahead,” the Loodsen pension fund writes on the website.

All participants and pensioners will receive a letter at the end of November. This includes an initial estimate of the size of the pension pot. The pension fund points out that this could be higher or lower on 1 January, as the financial markets could be in a different position at that time.

Very few pension funds want or are allowed to make the move before 2025. A year ago there were still around 25 ‘front runners’. There are now 3 more.

In addition to the Loodsen pension fund, there is the pension fund for APG employees and the Operational and (Reintegration) Pension Fund to carry out the conversion.

It is not clear whether the other two funds will now have to wait longer with the green light for the Loodsen.