Future Pensions Act

The Future Pensions Act (Dutch: Wet toekomst pensioenen, abbreviated Wtp) is an amendment to welfare law in the Netherlands.

This means that the personal pot cannot run out due to longevity, but that no money is left for heirs in the event of premature death.

[citation needed] Since 2004, there has been a desire in Dutch politics and among employers and trade unions to reform the pension system, partly because of the aging population.

[8] Koolmees' successor, Minister for Poverty Policy, Participation and Pensions Carola Schouten, finally submitted the bill to the House of Representatives on 29 March 2022.

GroenLinks and the Labour Party set three amendment proposals as a condition, such as the legal target to halve the number of employees without a pension plan.

Eighteen other amendment proposals also received a majority, such as limiting freedom of funds, less extreme investment risks and equalizing pensioners.

[10] On 22 December 2022, the law was passed in the House of Representatives, supported by VVD, D66, CDA, PvdA, GroenLinks, Christian Union, Reformed Political Party and Volt Netherlands (93 votes in favor, 48 against).

The law amends the General Pension Act for Political Office Holders (Appa), for which the constitution states that a two-thirds majority is required.