On Mar. 7, NLD DNB issued guidance on amended pension rules.
NLD DNB issued pension transition update on guidance for pension funds wanting to use amended subordinate regulations (AMvB) for the collective benefit phase.
Guidance only applies to funds that intend to enter phase on or before Jul. 1, 2025.
Document dated Mar. 7, 2024, was received on Mar. 14, 2024 due to a fixed feed.
NLD DNB Assessment
NLD DNB assesses entry notifications on the basis of definitively applicable legislation.
This can cause bottlenecks in planning for pension funds that want to make use of the amended regulations and enter collective benefit phase on or before Jul. 1, 2025.
Pension funds will be given the opportunity to add information on adjusted structure of the collective payment phase to their entry notification during the assessment process.
The fund does not have to wait for the final regulations, but can supplement the entry notification based on the consultation version of the amended regulations.
If the final text of the regulations deviates from the consultation version, the fund will be able to supplement the entry notification, or submit a new entry notification.
If the legislation comes into effect in mid-2024, as planned, NLD DNB expects to be able to make a decision on the entry notification of these funds in time.
