Framework for your new pension announced

11 Oct

Social partners (employer and works council) have established the framework for the pension that will apply to you in 2026.

Under the new scheme, pensions will become individual capital sums. You will receive a personal pension capital sum. You will no longer accrue pension rights, but will use the capital you have accrued to “purchase” a monthly benefit when you stop working. Your existing rights will be converted into personal capital and transferred to the new scheme.
Now that the social partners have outlined the framework, it is up to the pension fund to flesh it out and ensure a careful and balanced transition. We are working hard on this. Only in the run-up to the planned transition on 1 January 2026 will we be able to provide each member with more insight into what the transition will mean in terms of euros for your pension (benefit). Until then, we ask for your patience. Perhaps it is reassuring to know that there is every reason to expect that the new scheme will have a positive impact on your pension.