New pension system 2027
On 1 January 2027, the ABP Pension Fund will switch to the new pension system. ABP will provide you with information about what will change and what will remain the same during 2026. All participants already received an ABP Pension Guide in January explaining the changes.
We would like to draw your attention to one important topic in particular. You may be entitled to pension compensation during the transition. Individual choices or events in 2026 may affect the amount of compensation you receive.
Why pension compensation?
Under the current system, younger employees pay relatively too much in contributions for the same pension accrual, while older colleagues pay too little. This will change under the new system. Because employees between the ages of 35 and 68 may be relatively disadvantaged as a result, they will receive compensation.
Compensation only if you are building up pension with ABP on 31 December 2026
Only employees who are accruing pension with ABP on 31 December 2026 will receive compensation.
The compensation amount will be added to the individual pension pot on 1 January 2027. On the special ABP website Renewed pension: compensation calculations, you can check whether you are eligible for compensation and how the compensation is calculated.
Situations in 2026 that may affect the compensation
- Working fewer or more hours: the compensation is calculated based on the average part-time factor in the calendar year 2026.
- Participation in the generation scheme (Article 6.5 of the UMC Collective Labour Agreement) and temporary reduction in working hours pursuant to Article 6.1.2 of the UMC Collective Labour Agreement do not affect compensation. Nor does long-term unpaid leave, because pension accrual continues in full during this period.
- Other job: if you transfer to an employer with a pension fund other than ABP, you will not receive compensation from ABP. You may receive compensation from the other pension fund.
- Because the PFZW pension fund transferred on 1 January 2026, you will no longer receive compensation from it.
- Incapacity for work: The standard pension accrual is 50% for incapacity for work, which is accrued without contributions, and so is the compensation. If you also work part-time at the UMC (or another ABP employer), you will receive 100% compensation for this.
- Leaving employment with unemployment benefit (which you will still be receiving on 31 December 2026): there is 50% pension accrual and therefore 50% compensation. You can voluntarily accrue up to 100% pension and then you will receive compensation on the entire pension accrual.
- Leaving employment due to retirement: there is no pension accrual, so no compensation.
Want to know more?
See the ABP pension guide for detailed information. For personal questions, please contact ABP.
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