People who change jobs after January 1, 2015 or change their employment after that, can have the pension they have accumulated transfer from their old pension administrator towards the pension administrator of the new boss. They can also increase the value of their pension transfer that is made up by other employers.
This value transfers can now lead to substantial co-payments required by employers. This is due to the current low interest rates and by differences in financing between pension providers. The additional payments are compensation that prevent a participant suffering from disadvantages of a value transfer. The removal of the restrictions is expected to take place by January 1, 2015, the number of additional payments and the amount will further increased. This is expected to have some serious financial consequences for several companies.
To prevent a company getting into financial trouble due to value transfers, it will still be possible for people to transfer their pension if they change jobs, though there will be a limitation set on the additional payments from January 1, 2015 up to 15 thousand euros per case, said Klijnsma. If the value transfer by this limitation at that time could not continue, the participant would remain subject to the pension plan of the former employer. If it appears that, at a later time, the supplement is less than € 15,000, the participant can then ask for value transfer.
During the announced reforms, the Minister will see again to the operation of the rules limiting the surcharge to €15 thousand per case. She wants about sending a letter to the Lower House in the first quarter of 2016.
Source: Rijksoverheid