We’re getting a new pension scheme

The government introduced new pension rules on 1 July 2023. Your pension scheme will be changing as a result of these new rules. Your employer and the unions have negotiated a new pension scheme. They have laid down their agreements in a transition plan. The aim of the new pension scheme is – still – to ensure that you accrue a good pension during your years of service.

We will now assess the agreements in the transition plan

We will check that they comply with the law and the fund's policies and assess whether they are feasible at acceptable costs. The board also ensures that the interests of all groups are balanced. 

The transition plan agreements in brief

• KLM and the unions have opted for a solidarity defined contribution scheme. In the solidarity defined contribution scheme, the emphasis is on investing together and sharing together risks. 
• All accrued pensions are moving to the new pension scheme and will be converted into personal pension capital. 
• Personal pension capital is converted into a lifetime pension benefit on the retirement date. The retirement date is the same as the date your state pension starts unless you choose to take earlier retirement.
• Your partner's pension is currently still split into a part you accrue each year* and a voluntary insurance policy over the period until you retire. There will also be a partner's pension. This is automatically insured with the option of voluntarily supplementing it.
• Even after retirement, the pension fund continues to invest the assets, as it does now. The pension fund sets the amount of the pension benefit at the beginning of each year.
• The pension may be lower, for example, if investments fail to meet expectations in a given year. A solidarity reserve is formed to minimise the need for reductions. The purpose of the solidarity reserve is to increase commenced pensions by at least half the increase in prices.

*This does not apply to KHS, where no partner's pension accrues under the current scheme. 

The new pension schemes starts on 1 January 2026

Although the Future Pensions Act came into force on 1 July 2023, nothing will change for your pension at this stage. It will take at least until 1 January 2026 before the new pension scheme takes effect.

What about KHS and KFA?

KLM Health Services (KHS) and KLM Flight Academy (KFA) will also have a new pension scheme. KLM Flight Academy (KFA) now follows KLM's pension scheme and has agreed with the works council to also operate the agreements in KLM's transition plan. KLM Health Services (KHS) has agreed with the employee representation to follow KLM's pension scheme. Therefore, there will be one pension scheme for both KLM and KHS and KFA from 1 January 2026 onwards. The changes required by the new law and the agreements reached in the employment conditions negotiations between KLM and the unions apply to KHS in almost all respects.

We will keep you informed

Do you want to be automatically informed of important developments concerning the new pension scheme? If so, subscribe to our digital newsletter NWSflits (in Dutch) for the latest information. Log in to MyKLMPensioen and go to My details to log in with one click.