Below is a timeline of key decision moments and issues from the past and future.
May 2023
Upper House approves Future Pensions Act.
As of 1 July 2023
Preparations to move to the new pension system begin. The transition must be completed by 1 January 2028. The social partners decide how your pension scheme will be structured.
December 2024
Dow and Works Councils finalise General Agreement on the new pension system. The new pension scheme for Dow employees will be administered by another pension administrator by 1 January 2028.
February 2025
The transition plan is announced. Our Fund is not transferring to the new pension system.
April 2025
Dow and Works Councils agree on details of new pension scheme. The Fund’s Board, in consultation with Dow, has decided to launch a study, because from 1 January 2028 we will be a fully closed fund. The study will investigate the option of transferring all accrued pensions to an insurer. Since our Fund will become a fully closed fund no later than 1 January 2028, the Board, in consultation with Dow, has decided to initiate a study into fully insuring all entitlements with an insurer.
Today
The Fund and Dow are investigating the option of fully insuring all accrued pensions with an insurer.
Fourth quarter and beyond
Step by step, the employer Dow will provide you with information about the new pension scheme and what it means for you.
No later than 1 January 2028
The new pension scheme takes effect and accrual with our Fund stops.