Pension
Are you already or almost 67? Or do you still have a long way to go? It is good to look ahead, and start planning early if you want to enjoy your pension. The NFU has arranged a pension plan for all umc employees with the Algemeen Burgerlijk Pensioenfonds (ABP; National Civil Pension Fund). We are obliged to do so as a former government sector.
Would you like to know more about your pension premium, accrual and different pension payments? Or calculate your pension rights under different scenarios, like early retirement?
Check the ABP website. On the ABP website you can also read more about the renewed pension system.
Pension contribution for 2025
ABP's pension contribution for retirement and survivor's pensions will remain the same in 2025: 27.0%. Of this, 70% (18.9%) will be paid by the employer and 30% (8.10%) by the employee.
ABP will increase all pensions by 1.84% on 1 January 2025. This is about half of the 3.56% price increase calculated by Statistics Netherlands (CBS). The reason for the partial increase is that the current coverage ratio on 31 October 2024 was not high enough. This was due to sharply lower interest rates in September and October. That caused the current coverage ratio to fall sharply.
Freezing tax maximum pensionable salary 2025-2026
Politicians have decided that the fiscal maximum capping limit for pension accrual referred to in Section 18ga, subsection 1, of the 1964 Tax Act will not be increased in 2025 and 2026. As a result, the maximum taxable pensionable salary for pension accrual in 2025 and 2026 will remain at €137,800.
Changes to the pension system
Due to the Future Pensions Act (Wet Toekomst Pensioenen), the ABP pension scheme will change from 1 January 2027. The pension will be divided into personal pension pots instead of the current collective pension pot. To ensure that the new pension scheme is introduced properly, a transition plan has been drawn up in cooperation with the trade unions and Independent Public Employers (ZPW), in addition to the content of a new scheme.
ABP is expected to start implementing and communicating the new ABP pension scheme in the first half of 2025.
Playing field pensions
Earlier, it looked at whether the pension conditions of the umc's could be drawn more equally with the pension conditions of general hospitals. Whether and how a level playing field on pension terms can be achieved with general hospitals will be reviewed after the transition to a new pension scheme by 2027. The new ABP pension scheme offers more scope for sectoral interpretation.
