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Column Maaike Olde Olthof

Maaike investigates: why do we even need a new pension system?

Copy MAAIKE OLDE OLTHOF Photography MARTIN DIJKSTRA  |  4 minutes

I’m all for clarity and transparency — whether the situation is good, bad or just plain complex. So that one tax office motto, you know the one: “We can’t make it more fun, but we can make it easier,” has always mildly annoyed me. I never found their service easy. Or fun, for that matter. Ironically, I think that very slogan fits our new pension system — what I’ve come to call “Pension 2.0: the saga continues.”

Even though interest in pensions is pretty low, the communication around the content is actually crystal clear. Last week, I took a moment to look into my own pension and asked: why do we need a new system anyway? Two clicks later, I had my answer — in bite-sized chunks, almost like a kids’ book.

So here you go—no clicks needed:

  • More insight: your pension becomes more transparent and personal. Right now, many people have no idea how much they’ve accrued. Under the new system, you’ll accrue pension via a defined contribution scheme that shows exactly how much you and your employer contribute.
  • It follows the economy: the money is invested. If the economy does well, your pension can go up. If not, it might go down. Luckily, there are rules in place to smooth out any extreme ups and downs.
  • It fits your career path: gone are the days when people stayed with one employer for 25 years. Today, job switches and sabbaticals are common. If you stop accruing pension through your employer, the new system makes it easier to see what that means for your pension later on.

The future
Approaching 50 myself, I checked mijnpensioenoverzicht.nl It showed how much Dutch state pension (AOW) I can expect and what could change depending on the economy. But the most entertaining part? My predicted retirement date: 17 September 2043 —when I’ll be 68 and 3 months. The exact date is only confirmed 5 years in advance.

What will I do with this info? No idea. But it’s good to know what I might get each month. Honestly, it wasn’t too bad.

Pension 2.0 deserves a glow-up. So here’s a free slogan tip for all the pension marketers out there: Pension 2.0: We don’t just make it easier—we make it better.

More on the new pension
Find out what the new pension law means for your pension.

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Maaike Olde Olthof is a writer and columnist at LINDA.nl. She is author of 'Wat een Scheidboek'. Messy co-parenting and being a forty-something single provide enough inspiration for a novel or two. She also has two teenage daughters at home, a glaring dislike for household chores and, perhaps, a wish to get her finances in better order than they are now. What about her retirement? And what does the arrival of the new pension mean?