Pension administrators are given more time to submit their plan for the transition to the new pension system to De Nederlandsche Bank and the Authority for the Financial Markets. They are also allowed to make use of the relaxed indexing rules.

This is stated in a general administrative measure that will take effect no later than July 1. It has been arranged that funds transitioning to the new system must submit their implementation and communication plans at least one year in advance. Currently, the final submission date is July 1 of this year.

This measure is based on advice from the Government Commissioner for Pensions and aims to give the sector the time needed for a careful transition. The measure had long been part of the underlying regulations that would take effect if both the House of Representatives and the Senate agree to the Transition Periods bill. This bill gives pension funds an extra year to transition to the new system. Currently, the law still states that the transition must be completed by January 1, 2027.

As the House of Representatives needs more time to consider this bill, pension funds would otherwise be under unnecessary time pressure when finalizing their transition plans. This could also have financially adverse consequences for pension funds and their participants. To prevent this, this decision has now been made, separate from the consideration of the Transition Periods Act.