The Future of Pensions Act came into effect on 1 July 2023. The aim of the new legislation is to make the pension system more open, personal and future-proof. All pension funds must switch to the renewed pension system by 1 January 2028 at the latest. StiPP wants to introduce a new pension scheme on 1 January 2026. A number of rules from the Act have already taken effect.
Changes to the StiPP scheme until 1 January 2026
In the run-up to the new pension scheme, there are two important changes that StiPP has already implemented:
- As of 1 July 2023, the waiting period of eight weeks worked for new employees has expired. This means that as an employee, you immediately accrue pension from your first day of work. Read more information about the expiry of the waiting period.
- From 1 January 2024, employees from the age of 18 will participate in the pension scheme. This means that younger employees from the age of 18 start accruing pension with StiPP. Read more information about lowering the age of admission.