Pensioenzorgwet

The Pensioenzorgwet, or Pension Care Act, is a significant piece of legislation in Dutch pension law. It aims to ensure the security and stability of pension funds and to protect the rights of pension beneficiaries. The act establishes a framework for the governance and supervision of pension funds, setting requirements for their financial soundness, transparency, and management.

Key aspects of the Pensioenzorgwet include provisions related to solvency requirements, where pension funds must maintain a certain level of assets to cover their future obligations. It also outlines rules for investment policies, ensuring that funds are managed responsibly and with due consideration for long-term sustainability. Furthermore, the act emphasizes the importance of good governance, requiring pension funds to have clear organizational structures, internal controls, and ethical standards.

The Pensioenzorgwet also addresses the rights of participants and beneficiaries. It dictates how information must be communicated, ensuring that individuals understand their pension entitlements and the financial status of their fund. The act provides mechanisms for dispute resolution and outlines the responsibilities of pension fund boards towards their members. The overarching goal of the Pensioenzorgwet is to foster trust in the Dutch pension system by promoting financial prudence and robust oversight, ultimately safeguarding the retirement income of millions.