On Feb. 1, NLD RJ consulted on adjustment to pension fund guideline.
NLD RJ issued Statement 2024-2: Adjustments to Guideline 610 'Pension Funds' in response to the Future of Pensions Act, seeking feedback on amendments to the text.
Amendment Overview
The Future of Pensions Act (Wtp) came into effect on Jul. 1, 2023 and consequently, all pension funds have until 2028 to adjust all of their respective schemes accordingly.
The changes in the Pensions Act and the financial assessment framework (Ftk) have a significant impact on, among other things, the annual reporting of all pension funds.
NLD RJ therefore proposes to add provisions regarding Wtp to existing Chapter 610 Pension Funds and to adapt the guidelines in response to the changes in Wtp and Ftk.
In the Statement the adjustments are explained and the revised Chapter 610 is added, with confirmation that the changes will apply for all reporting years from Jan. 1, 2024.
The amendments to the previous text are indicated in red italics and are underlined.
Effectiveness
NLD RJ invites users to submit reactions / comments on statement until Apr. 30, 2024.
Aug. 2024 Final Guideline Issued
On Aug. 26, 2024, NLD RJ publishedRJ-Uiting 2024-16 Final amended Guideline 610 'Pension funds', in response to Future Pensions Act (Wtp), after previous consultation.
Various comments were received on the RJ-Uiting 2024-2, which have been utilized in RJ-Uiting 2024-16: Final amended Guideline 610 'Pension funds', in response to Wtp.
In the RJ-Uiting 2024-16, users can find an explanation of the adjustments resulting from comments, as well as clean version of Chapter 610, and a track changes version.
The final changes will take effect for reporting years starting on or after Jan. 1, 2025.
