The Housing Association Pension Fund (SPW) can switch to the new pension rules. That's good news for everyone with a pension with SPW!
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De Nederlandsche Bank (DNB) has given SPW the green light to transition to the new pension rules and transfer all pensions. SPW is pleased with this important milestone.
A fair and balanced transition for everyone
Trade unions and the employers' organization Aedes were at the forefront of the new pension plan. The agreements they made together focused on a fair and balanced distribution of funds. The revised pension plan was intended to be beneficial for everyone: whether you are accruing, have accrued, or are receiving a pension. All agreements made are laid out in the transition plan. The members of De Unie and its fellow unions agreed to this transition plan in April 2024.
Consequences for participants have been calculated
SPW has carefully considered whether and how we can implement these agreements. This is outlined in the implementation plan. They have also calculated the consequences of the transition for everyone, in every conceivable situation. Not only at the time of the transition, but also for the years afterward.
SPW didn't create the implementation plan alone. Representatives of employers, employees, and pensioners also critically reviewed the plan, particularly regarding fair distribution.
Carefulness is paramount
Based on the plans, DNB sees no objections to the transition. Henk Jagersma, chairman of the SPW board: "This is an important milestone in the process, but we're not there yet. We're well on our way to having our systems and processes ready in time so we can transfer all pensions correctly and fairly. Carefulness is paramount. Only when we're fully prepared will we make the final decision to switch on January 1, 2026."
Good for everyone at SPW
The revised pension plan that SPW developed in collaboration with the unions and Aedes benefits everyone at SPW, whether you're currently accruing a pension, have accrued one in the past, or are receiving one. Even with the revised pension plan, we have a large collective buffer to protect pensions against a decrease. This also helps ensure pensions grow in line with purchasing power. However, the buffer doesn't need to be as high as it is now. This allows pensions to increase more quickly in the future.
Is our fund's financial health as good at the time of the switch as it is now? Then pensions can be increased immediately. However, during prolonged periods of economic downturn in the financial markets, a decrease in your pension remains possible, just as it is now.
Questions or remarks?
Do you have any questions or comments about this news item? Please contact our advocate Hans Korver at hans.korver@unie.nl and on 06-5252 2073.
