Early this year, the social partners finalised the transition plan. Over the past period, TNO Pension Fund assessed the transition plan and recently decided to implement the new pension scheme. The process of transition to the new pension scheme is laid down in the implementation plan. You can examine this implementation plan on our site.

The implementation plan is an important milestone on the road to the new pension scheme. After all, the new Future Pensions Act came into effect on 1 July 2023. As a result of this new law, all pension schemes in the Netherlands are changing, as is the TNO Pension Fund’s pension scheme. The social partners (Works Council and Executive Board of TNO) have agreed on the new scheme and its principles. These agreements are set out in the transition plan.

As a pension fund, we are responsible for implementing the new pension scheme. That must be done properly. That is why, while drawing up the new pension scheme, we were already helping social partners make choices that were feasible for the pension fund. After that transition plan was adopted in February 2025, TNO Pension Fund further assessed whether and exactly how the new pension scheme could be implemented. Last month, the pension fund board decided to implement the new pension scheme from the target transition date of 1 July 2026. The implementation plan sets out how this transition will be fleshed out and how – accrued – pensions will be converted to the new pension scheme.

We need some more time to finalise the new scheme. If all goes according to plan, the new pension scheme will take effect on 1 July 2026. We have drawn up a communication plan specifically for the transition to the new system to keep all participants up to date on all follow-up steps as best we can. As usual, we will do this through the website, news mailings, our magazine Life & Pension and, starting in the second quarter of 2026, individual letters to all members.

The fund has a statutory obligation to submit the implementation plan to regulator De Nederlandsche Bank (DNB). The Pension Fund has recently done so, and simultaneously submitted the communication plan to regulator Dutch Authority for the Financial Markets (AFM), thereby getting an essential step closer to the intended introduction of the new TNO Pension Fund scheme on 1 July 2026.

You can consult the implementation plan. You can also find this document on the ‘Documents’ page of our website in the ‘New Pension System’ section. In that section, you will also find the communication plan for the transition to the new pension scheme.

Questions?
You can find more information about the developments in the Special The New Pension System and TNO Pension Fund. You can also replay the 4 February 2025 webinar. That webinar explains what we have already done and what steps we will be taking in the coming period. Finally, a video message about the latest status of the new system will be released during the summer.