The Dutch Pension Fund for Healthcare and Welfare (PFZW) has published an updated implementation plan outlining how it will transition to the new Dutch pension system.

The plan, which has been submitted to regulator De Nederlandsche Bank (DNB), details how existing pensions will be converted to the new scheme. Previous versions of the implementation plan have now been replaced.

PFZW said the updated version incorporates insights from frequent discussions with DNB.

According to the fund’s board, these changes will ensure a more balanced transition for all participants. The plan does not affect the content of the previously published transition plan or the statutory communication plan, it said.

At the same time, PFZW has begun sending the first personal pension calculations to its three million members and beneficiaries. These calculations are based on a funding level of 117.1 per cent as at 30 June 2025 and members’ personal data as at 15 August 2025.

The update comes as PFZW managing director, John Landman, in an interview with Dutch newspaper, Algemeen Dagblad, said that pensions could rise by 7 per cent at the point of transition on 1 January 2026.

However, the final figure will be determined by PFZW’s financial position at the end of December 2025, meaning the increase could be lower.

PFZW is one of a number of funds gearing up to transition to the new system at the start of 2026, as Aon Netherlands wealth director, Frank Driessen, described October as “make or break” for the funds that still aim to convert on 1 January 2026.

“There must be clarity this month, otherwise the transition communication can no longer be sent on time,” he warned, noting that around 30 funds are targeting a 2026 start, creating “peak pressure” both at the regulator and within schemes themselves.

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