SSPF is expected to transition to the new pension scheme on 1 January 2027. This is due to changes in Dutch pension legislation.

Under the current scheme, the level of pension is more or less fixed. Under the new scheme, participants who have not yet retired will build up a personal pension pot. This pot will be invested by SSPF. Its value may increase when investments perform well, but it may also decrease when investments perform less well. Other factors also influence the development of the pension pot. As a result, the amount of pension someone ultimately receives is no longer fixed.

For retirees who receive an old-age pension, an important choice is also approaching. In spring 2027, they will choose between a variable pension with SSPF or a fixed pension with an external insurer of their choice.

In addition, part of the fund’s buffer will be distributed among participants when the transition takes place. This will result in a one-off increase in pension benefits. The exact increase will depend on the fund’s financial position at the time of transition.

SSPF is preparing for the transition step by step. This involves not only the financial aspects, but also communication, guidance and the reliability of administration and systems.