TNO Pension Fund is keen to have a pension scheme that is good for everyone, now and in the future. The switch to the new pension scheme – expected on 1 July 2026 – may not work out so well for a few members. For them, we will be reserving money to compensate them for the disadvantages. What is the compensation scheme and what does it mean for you?

Average pension contribution system
Under the current pension scheme, everyone accrues pension in the same way based on an average contribution, which is a fixed percentage of the pensionable salary. This percentage does not depend on age. The same pension for an older worker requires more contributions than for a younger one. This is because there is less time for the pension scheme to invest the deposits and earn returns. This way of building and financing pensions is called the ‘average pension contribution system’.

Some people may be negatively affected by the switch to the new system
The job market has changed a lot in recent years. For this reason, the new pension scheme will not be based on the average pension contribution system The premium for your pension will go directly into the capital for your pension under the new system. When you retire, the pension fund converts the capital for your pension into a monthly pension. The level of this pension is not set in advance. Switching to this new method of financing may be disadvantageous for some people. The TNO social partners have therefore agreed on compensation for them.

More details about compensation.