Over the past few months, frequent consultations have been held with the ING-CDC Pension Fund (ICP). The ICP required better explanation or clearer wording regarding a number of topics. Furthermore, the pension fund had substantive questions concerning several components of the transition plan. This has led to the intention to record a number of additional agreements in an addendum.
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Explanation
Advocate Inge de Vries wants to meet with the members of a general meeting De Unie discuss which changes are being prepared. In this regard, it is important to emphasize that these do not always concern substantive changes. In some cases, they involve adjustments to the transition plan that are necessary because DNB has since formulated additional conditions or because agreements prove to be administratively unfeasible. Members have received a link to participate in this meeting.
Context
In November 2025 the members have been informed about a first series of adjustments to the transition plan.
This involved the adjustment for three reasons:
- Change in connection with correction of calculation model
- Changes as a result of DNB's designation
- Changes due to feasibility
These changes have led to an adjustment of the transition plan; this transition plan 3.1 has been submitted to the pension funds (ICP and PFI). Via the website of De Unie you can view the transition plan. On this transition plan 3.1 An addendum is now being formulated.
Addendum
The adjustments discussed by the social partners and the pension fund are:
Postponing transition date
The transition plan specifies an entry date of January 1, 2027, for both pension funds involved. This proves to be unfeasible. The addendum allows for a later entry date.
No cap on the orphan's pension
If there are five or more orphans, they all receive the full orphan's pension of 15%. The cap at 4 orphans proves to be too administratively burdensome.
Agreements regarding the use of the earmarked reserve
The transition plan assumes the simultaneous transfer of ICP and PFI; this is not feasible. Therefore, a provision must be added allowing the earmarked reserve to be used by ICP nonetheless.
Filling the risk-sharing reserve by 1%
The pension fund has calculated that an RDR of 3% is not necessary.
Adjustment of the right-of-way rules
The priority rules concern the order in which pension assets are allocated. A technical amendment is necessary in this regard.
Bandwidths for statutory transition criteria are being increased.
And then a general appeal
The trade union federation for professionals, the VCP, has launched a petition to protest against this cabinet's austerity plans for social security. De Unie is a member of the VCP. You can support this protest by this online petition to draw.
How further?
Once the social partners have a final addendum text, the voting procedure can De Unie be started up.
Contact
If you have any questions regarding this message, please contact Inge de Vries, the representative for ING, via inge.de.vries@unie.nl
