The pensions of former colleagues
Your pension will also change
The Future Pensions Act (WTP) applies to everyone in the Netherlands. Although pensioners and former colleagues (also known as deferred members) no longer accrue pension with Van Oord, they will be affected by the WTP. What exactly will change for you depends on which pension scheme you have participated in in the past. Staff employees will move to a flexible contribution scheme. Fleet employees will switch to a solidarity-based premium scheme.
The flexible premium scheme (the staff scheme)
The flexible premium scheme is a premium scheme where each member has his/her own pension pot. The pension in the pension pot is invested but you can take more or less risk with your investments. In that case you have to choose a different investment profile (Life-cycle). As a deferred member, you will receive regular information on the development of your pension.
For pensioners: your pension continues to be invested automatically during retirement. Your pension will then be variable and, as it is just the case right now, can be adjusted once a year. If you do not want that, you can choose a fixed, guaranteed pension when we are switching to the new scheme on January 1, 2027. If you choose a fixed pension, you will buy a fixed pension benefit. That pension will then no longer increase or decrease. It gives you security but the downside is that the pension also no longer increases to compensate for any price increases. Your pension then mostly loses value as the inflation is not compensated.
The solidarity-based premium scheme (the fleet scheme)
In the solidarity premium scheme, risks are shared collectively and the pension is more stable. This is achieved with an additional buffer, the solidarity reserve. Part of the returns achieved are used to protect the accrued pensions and the pensions that are already in payment. The rest of the returns achieved are shared based on the investment risk run. At Van Oord, the solidarity premium scheme will apply to fleet employees. In this scheme you can't make
For pensioners: the pension will continue to be automatically invested after retirement. Your pension can be adjusted once a year. If investment returns are disappointing, this will be compensated by the solidarity reserve (if there is enough money in the reserve). This prevents pensioners' pension benefits from having to be reduced.