Due to the introduction of the Future Pensions Act (WTP), we have to adjust our pension scheme. Over the past 3 years, trade unions, together with Aedes, have worked on the foundation of this new pension scheme. All choices that the collective labor agreement parties have made about the new scheme have been recorded in a transition plan. Below you can read more about the preparations that have taken place since then.
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Approval of transition plan
As a union member, you were allowed to vote on the content of the draft transition plan at the end of March 2024. The mood was positive at both the unions and at Aedes. The collective labor agreement parties then definitively agreed to the transition plan at the end of April 2024 and presented it to the SPW board.
The intention is for SPW to make the switch (the transition) to the new pension scheme on 1 January 2026. Before this can happen, De Nederlandsche Bank (DNB) must issue a declaration of no objection.
Entry notification in steps to De Nederlandsche Bank
After the SPW board had also considered the transition plan, SPW submitted its plans to DNB at the beginning of November 2024. This is called an entry notification.
In December 2024, DNB asked questions and identified points of attention regarding the completeness of the file. SPW then decided at the end of December to withdraw the entry notification and to use a partial assessment by DNB. This allows the questions that are there to be dealt with gradually and in pieces and we do not lose any time.
Net pension scheme ends
The current SPW pension scheme also includes a net pension scheme. This is a voluntary scheme with which pension is accrued on the salary portion exceeding € 137.800 (2025 capping limit).
Our pension provider APG will stop implementing this net pension scheme after the pension transition. Research shows that there are no other parties on the market that want to and can implement the net pension scheme. The collective labour agreement parties are therefore forced to terminate the net pension scheme.
The already accrued net pension and the already commenced pensions must be taken over by another party. This is asr CAO parties have requested SPW to transfer the collective value of these pensions on 1 December 2025. SPW will soon contact the corporations involved and participants in the scheme.
Timeline and sequel
SPW informs employers, (former) participants and pensioners about the new pension scheme. The closer to the transition moment, the more concrete that information will be.
Ultimately, every (former) participant and pensioner will see what the transition to the new pension contract means for him/her personally. If everything goes according to plan, the new pension scheme will be introduced on 1 January 2026.
More information about the pension transition can be found on the SPW website via this link: The renewed pension of SPW | SPW.
Do you have any questions or remarks?
Do you have any questions or comments about this message? Please contact the advocate Hans Korver. He can be reached via hans.korver@unie.nl and on 06-5252 2073.
