The new pension system retains the strengths of the current system:
You cannot take any action yet. The Pension Agreement is currently being drawn up by the Dutch government and the social partners. The employer and the labor unions are going to decide on the future of the PDN pension scheme. The PDN Board also still has to make decisions. It will therefore take some time before it is clear what the Pension Agreement means for you personally.
From 2023, you will be able to withdraw an amount. This is how it works: When you retire on a pension, you can choose to have part of your accrued pension paid out as a lump sum. This is laid down in a new law. But this too is still under discussion, and it is not yet certain whether the law will be ready to enter into force by January 1, 2023.
You cannot withdraw your entire accrued pension at once – you can withdraw up to 10% of your pension. If you withdraw a lump sum, your monthly lifelong pension will be reduced. You have to decide for yourself whether you can live the way you want to with that lower pension. At the moment, we cannot say what it means for everyone personally. We cannot yet make calculations or give sample amounts.
Withdrawing a lump sum can have consequences for your tax return and for any benefits you receive, such as care benefit or rent benefit. The consequences depend on various factors, such as the amount of money you withdraw. Your personal situation also plays a role.
When you retire on a pension, you can opt for a lump sum. You can also decide what you spend your money on.
If you stop working before your State Pension Age (AOW age), PDN offers you the option to choose a higher pension up to your AOW age. However, you cannot opt for a lump sum as well, as this combination is not permitted by law.