The applicable system matters
Under the old financial framework, assets, liabilities, funding ratios and buffers matter. A fund whose policy funding ratio does not meet required capital generally must submit a recovery plan within three months. It must demonstrate recovery within at most ten years; this does not mean it can always wait ten years before taking action.
Persistently insufficient minimum capital is a separate test. Conditional bridging rules may apply during transition. One percentage such as 104.2%,105% or 110% therefore does not universally determine whether every fund must cut or may increase pensions.
New pension rules
After transition, investment results and risk sharing can affect pension differently. A variable payment can rise or fall under scheme rules. Not all old rights are automatically converted. Ask which rules apply to your pension component.
Later improvement does not automatically repay every earlier reduction. Missing indexation can also erode purchasing power without a nominal cut.
Information and complaints
Read your letter and ask about the legal basis, effective date and gross/net effects. An administration complaint starts with the fund. GIP can handle a pension-fund dispute within its conditions; Kifid is not the general route for fund decisions. A universal six-week deadline does not apply to every pension complaint. Check the actual procedure and seek timely legal help when unsure.
What does BPH do?
Bureau Pensioen Hulp has no AFM licence. BPH provides general education and, on request, can introduce you to an external adviser using contact details only. BPH does not provide personal product recommendations, compare products for you or mediate in arranging them. Check an external adviser’s authorisation, services and fees yourself.
Frequently asked questions
Does a low funding ratio always trigger an immediate cut?
No. Assess the applicable framework, financial position and recovery or transition rules together.
Is there always six weeks to complain?
No. Read the actual rules and decision; procedures and deadlines differ.
Sources and reference date
Reference date: 28 October 2026. Check your own scheme and current conditions before deciding.