New pension
scheme update
With the transition date fast approaching, there is still a lot to do. We’d like to keep you in the loop in this regard.
Timeline
We expect the new pension scheme to go into effect on 1 July 2026. The following timeline includes the key milestones that are still coming up:
Autumn 2025 and beyond | You will regularly receive information about the new pension scheme through e-mails or letters. |
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Spring 2026 | You will receive an initial estimate of your pension under the new scheme in the spring – expected in May. We will also organise a webinar on the initial calculation, and there will be video messages and a brochure. |
Spring 2026 | You will receive an invitation to take part in a survey about the way we are informing you about the new scheme. |
1 July 2026 | The date on which the new pension scheme goes into effect and your pension is transferred to the new pension scheme. This process takes several weeks. |
July & August 2026 | Due to the required administrative work, you will temporarily be unable to submit any changes and choices through My Pension. Changes from the municipality such as a move or death are processed automatically. |
August & September 2026 | Are you receiving a pension from the TNO pensionfund? In that case, you will receive your first pension payment in accordance with the new pension scheme in August, with settlement over July 2026. From September 2026, you will receive your pension under the new scheme as it applies to the remainder of the year. |
September 2026 | You can once again submit choices and changes and view your pension. To do so, you can log in to the Fund’s new website. You can also request value transfers online, but it may take longer (up to 2028) before such requests can be processed. |
Autumn 2026 | You will receive a second estimate of your pension under the new scheme. At the time of transition, we will be able to calculate the precise value of your pension. The second calculation shows the amounts under the current and new scheme. |
Will the amount of my pension later depend entirely on investment returns at the time I retire?
When you are younger, we take more risk. As you get older, we increasingly reduce this risk because you are then approaching your retirement age. This way, we ensure that the expected difference between windfalls and setbacks in investments becomes increasingly smaller. This also ensures that the expected pension estimate becomes more accurate. However, developments in the financial markets can always have some impact on the amount of your pension. There is no guarantee that pensions will never go down.
How do investments affect my pension?
The return on investments affects your pension. You will later see this impact reflected in your pension capital as well as the expected pension you will receive when you retire. We invest the pension contributions as a single whole. We take different age groups into account in this respect. The older you get, the less risk we take with the investments. We also put money into a reserve. This is a kind of piggy bank. We use this reserve when the going gets tough. If there is enough money in this reserve, we supplement the pension benefits of retirees and surviving dependents to keep them as stable as possible. There is no guarantee that pensions will never go down, even under the current system. The monthly amount for everyone receiving a pension benefit is fixed for one year. The investment return is thus determined once a year and is not allocated all at once but spread out over 3 years.