This message is especially important for pension participants at the PPF (Personnel Pension Fund) APG.
Preparation
The PPF will switch to the new pension system on 1 January 2025. Years of preparation preceded this. The joint trade unions, APG as employer, the PPF pension fund and APG as administrator have been working intensively on this since 2021. As a result, a negotiation result has recently been reached on the new scheme for PPF participants.
Negotiation result
In order to clarify what has been agreed, information meetings have been held in between. On Thursday 17 August, the PPF participants were informed about the outcome of the negotiations at a staff information meeting. This information session has been recorded and will soon be available to view on APG's intranet. read here the negotiation result and the collected Q&As. The 'as is' basis has been used in the realization of the result. In other words, the old system will be transferred to the new system as equal as possible and in parts better.
sailing in
By transferring the existing pension rights to personal proverbial 'pension pots' (so-called entry), we aim to improve the scheme. Any adverse consequences for a group of participants will be compensated (for example: adverse consequences of abolition of the average premium system). The transition to the new system brings advantages for the participant (for example: lower administration costs, better orphan's pension, better insight into your personal pension pot).
You can vote from now on!
Interested members were asked to give their opinion on the new improved pension scheme. They can vote until Thursday 31 August.
Retirees
We ensure that pensioners also receive a certain benefit within certain limits. A solidarity reserve is set up for this purpose. We ask the participants who are now dormant, or who are already receiving a pension, for advice in a separate Newsletter. The requested advice concerns the transfer of the pension fund's current assets from the current scheme to the new pension scheme (incorporation).
Balance
The outlook is currently such that everyone is too minimaal goes 'as is'. At least, because it is logical that with a healthy funding ratio (relatively high reserves at present), the reserves are released and used for the transition to the individual pension pots and/or (mandatory) reserves. A balanced allocation of funds is paramount!
Do you want to spar about the new scheme? Do you have any questions or comments? Then you can contact People & Change, Nicole Heijnen, or the PPF Pensioenfonds for this within APG. But of course also with the involved executives who were involved in this process from the very beginning, your colleagues, Paul Zomerplaag and or Raph Heijnen.
Of course you can also ask your questions to our representative at APG, Joe Voesten
