Dutch pension fund PME is on track to switch to the new pension system on 1 January 2027, having recently submitted its implementation and communication plans to De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM).

PME’s social partners previously agreed to the transition plan, which clarified how PME's pension scheme would look under the new pension regulations, in November 2024.

Following work to confirm that the provider would be able to implement the social partners’ choices, PME revealed that its board decided to accept the mandate to implement the new scheme at its meeting on 10 July 2025.

It has since submitted the implementation plan to DNB for approval, with its communication plan, which outlines how it will communicate the changes, submitted to the AFM at the same time.

The group has also provided some public insight into these plans, particularly its planned communication efforts.

This confirmed that members will receive a personal overview from the provider just before the transition in October/November 2026, before the transition is rolled out on 1 January 2027.

An additional overview, including the final pension calculation based on data from January 1, 2027, will then be shared in May/June 2027, with any differences in estimates to be explained at this point too.

PME executive board chairman, Eric Uijen, said: "This is fantastic news for everyone with a pension at PME.

“We've been looking forward to the transition for a long time, because with the new plan, we can continue to offer a good pension. Not only for people already enjoying their pension, but also for employees at the start of their careers and with years ahead of them.

“It's good to see that everyone supports the plans. The employers and employees in our sector. We, as the pension fund's board. And the members of the accountability body, who monitor and advise us on behalf of the workers and retirees in our sector."

PME is the latest in a string of schemes to confirm their planned transition dates, and whilst there had been concerns over recent delays amid last-minute amendments to the Dutch Future Pensions Act (Wtp), the latest government analysis revealed that around 11 million participants are expected to switch to the new Dutch pension system by January 2026.

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