At the end of 2019, the policy funding ratio of 150 Dutch pension funds was below the required level. They expect to make up these shortfalls using the rerturn on investments they expect to realise in the years ahead. This is evidenced by the recovery plans the pension funds had to submit to...Read more
What does the Dutch pension system look like? How exactly does it work and what is the role of DNB? Where can you check how much pension you have built up so far? A new pension system is underway. Why do we need a new system? And what exactly will change?
Our present pension system
The Dutch pension system consists of three parts, also referred to as the three pillars:
- The first pillar is the state pension under the General Old Age Pensions Act (AOW).
- The second pillar is the pension that employees are required to build up through their employer.
- The third pillar consists of individual supplementary pension.
De Nederlandsche Bank supervises the pension providers in the second pillar, such as pension funds and insurers. We also supervise financial institutions that offer products in the third pillar, such as insurers and banks.
Pension system review
Society is changing. We're all getting older on average. The share of pensioners compared to the number of workers is growing. Also, people no longer stay with the same employer all their working lives. That is why the government has concluded a new Pension Accord, with new agreements on pensions and AOW. De Nederlandsche Bank was an independent consultant in this process.
Your pension details
Would you like to know how much pension you have built up so far? Then visit the (Dutch-language) website mijnpensioenoverzicht.nl. You need to log in with your DigiD or with a European recognised login token (eIDAS). If you have any questions about this website, please contact the mijnpensioenoverzicht.nl service desk at +31 20 751 2870 or send an e-mail to email@example.com.
How many people in the Netherlands build up pension through their employer? How much pension contributions do we all pay? You can see this and more in our statistics. For example, you can look up information about your own pension fund, such as the contribution you pay or its funding ratio.